MRM: draft simplified tender offer filed with the AMF

(CercleFinance.com) - Natixis, acting on behalf of Scor, has filed with the AMF a draft simplified tender offer (OPAS) for MRM shares, which had been announced on September 26.


At the end of September, Scor bought out Altarea's entire 15.92% stake in MRM, at a price of 30 euros per share. As a result of this transaction, the reinsurer holds 72.74% of the capital and voting rights (including treasury shares).

The initiator irrevocably undertakes to acquire, at a unit price of 35.42 euros, all the existing MRM shares not held by it, i.e. 874,945 MRM shares, thus representing 27.26% of the capital of this property company.

He intends to request, at the end of the offer period, and if the required conditions are met, the implementation of a squeeze-out procedure for the MRM shares not tendered to the offer, in return for compensation of 35.42 euros per share.

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