Lexibook: investment agreement with a view to a takeover bid

(CercleFinance.com) - Lexibook announces that its shareholders and founders, the Le Cottier family, and Lawrence Rosen LLC have entered into an investment agreement to act in concert in connection with a proposed voluntary public tender offer initiated by Doodle.


This tender offer at a price of four euros per share, with no intention of delisting, will be filed, at the latest, at the beginning of the fourth quarter. The initial offer will be open for 25 trading sessions, and will be reopened for 10 trading sessions if the lapse threshold is reached.

A number of 2,463.806 Lexibook shares held by the founders will, in the event of a successful takeover bid, be transferred to Doodle by way of a contribution in kind, at a value equal to the price per Lexibook share retained in the takeover bid.

In the event of a successful takeover bid, 56% of Doodle's capital will be held by the founders and 44% by Lawrence Rosen LLC. This project aims to strengthen the participation of the former, while welcoming the latter as a new long-term shareholder.

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