Fnac Darty: minimum threshold lowered for takeover bid for Unieuro

(CercleFinance.com) - As part of its joint takeover bid with Rubis for the Italian group Unieuro, Fnac Darty has announced a lowering of the minimum threshold requirement from 90% to 66.
67% of the capital, reflecting their desire to successfully implement this takeover bid.

This threshold will enable the bidders to propose and approve at the general meeting of Unieuro shareholders the merger of Unieuro into an unlisted company, resulting in the delisting of Unieuro shares", explains the retail group.

As a reminder, this takeover bid opened on 2 September and is due to close on the evening of 25 October. The proposed price of 12 euros per Unieuro share, comprising E9 in cash and 0.10 Fnac Darty share, represents a premium of 42%.


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