Veolia: confirms intention to make takeover bid on Suez
(CercleFinance.com) - Veolia has undertaken to make a public takeover bid at a price of 18 euros per share (coupon attached) for the entire capital of Suez as soon as Suez's Board of Directors has expressed accepted this project and has deactivated the device to organise the inalienability of its water business in France.
This information amounts to speeding up the timing of the public tender proposal, which becomes concurrent with the conclusion of an agreement with Suez's Board of Directors.
Antoine Frérot, Veolia's Chairman and Chief Executive Officer, said, "We are convinced that we will manage to persuade the Board of Directors of Suez, either in its current form or, failing that, after a General Meeting, of the relevance of our proposal. For this reason, we wish to further clarify our timetable and to undertake to make our bid as soon as the Board of Directors issues a favorable opinion. In summary: the only thing preventing all Suez shareholders from benefiting from a public takeover bid at E18 per share is the opposition from the Board of Directors of Suez in its current form".
Copyright (c) 2020 CercleFinance.com. All rights reserved.
This information amounts to speeding up the timing of the public tender proposal, which becomes concurrent with the conclusion of an agreement with Suez's Board of Directors.
Antoine Frérot, Veolia's Chairman and Chief Executive Officer, said, "We are convinced that we will manage to persuade the Board of Directors of Suez, either in its current form or, failing that, after a General Meeting, of the relevance of our proposal. For this reason, we wish to further clarify our timetable and to undertake to make our bid as soon as the Board of Directors issues a favorable opinion. In summary: the only thing preventing all Suez shareholders from benefiting from a public takeover bid at E18 per share is the opposition from the Board of Directors of Suez in its current form".
Copyright (c) 2020 CercleFinance.com. All rights reserved.