Tarkett: towards a public tender offer by the majority shareholder
(CercleFinance.com) - Tarkett Participation, Tarkett's controlling shareholder, has announced its intention to file a public buyout offer followed by a squeeze-out on the shares it does not hold, a project unanimously approved by Tarkett's Supervisory Board.
The proposed offer price is E16 per share, representing a premium of 32.3% and 37.5% respectively to the volume-weighted average share price over the last 20 and 60 trading days.
Tarkett Participation directly holds 90.32% of Tarkett's share capital and 94.66% of its voting rights. The public exchange offer will be filed with the AMF in the next few days and, subject to a decision on compliance, will take place in April.
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