Exclusive Networks: towards a consortium takeover

(CercleFinance.com) - Exclusive Networks announces that CD&R and Everest UK HoldCo Limited, an entity controlled by the Permira funds, intend to form a consortium with a view to acquiring a block of shares representing 66.
7% of the group's share capital and theoretical voting rights.

The acquisition of the block will be followed by a mandatory public stock buyback tender offer for the remaining shares at a price of 18.96 euros per share, after payment of an exceptional distribution of 5.29 euros per share. The transaction is expected to take place in the first quarter of 2025.

The total price of 24.25 euros represents a premium of 34.4% over the unaffected share price on March 13, the date preceding market rumors of a possible acquisition of the cybersecurity group.

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