Idsud: public stock buyback tender offer opens on July 28

(CercleFinance.com) - The AMF has announced that the public share buyback tender offer (OPRA), filed by Banque Hottinguer on behalf of Idsud, will be open from June 28 to July 17 inclusive.
Euronext is due to announce a detailed timetable.

Idsud irrevocably undertakes to acquire a maximum of 138,717 of its own shares, i.e. 28.04% of its capital, with each share tendered being remunerated by the delivery of five FDJ shares and a cash payment of €1.75, with a view to their cancellation.

Subject to completion of this offer, and during the second half of 2024, Indivision Luciani plans to file a simplified tender offer for the remaining Idsud shares it will not hold following the capital reduction.

Copyright (c) 2024 CercleFinance.com. All rights reserved.