Esker: takeover bid opens on Monday
(CercleFinance.com) - Esker announces the opening of the public tender offer initiated by Bridgepoint, in association with General Atlantic and shareholder management: as of 2 December, Esker shareholders will be able to tender their shares to the offer.
The group points out that the proposed price of E262 per share represents a premium of 30.1% compared with the unaffected share price on 8 August (i.e. the date prior to publications on a possible transaction).
The bidder may withdraw its offer in the event that it does not hold more than 60% of Esker's capital and voting rights. If the legal conditions are met, it will request the implementation of a squeeze-out procedure.
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The group points out that the proposed price of E262 per share represents a premium of 30.1% compared with the unaffected share price on 8 August (i.e. the date prior to publications on a possible transaction).
The bidder may withdraw its offer in the event that it does not hold more than 60% of Esker's capital and voting rights. If the legal conditions are met, it will request the implementation of a squeeze-out procedure.
Copyright (c) 2024 CercleFinance.com. All rights reserved.