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Jaccar to launch buyout offer for Bourbon on May 20
May 19, 2014 / 6:41 AM / 3 years ago

Jaccar to launch buyout offer for Bourbon on May 20

PARIS, May 19 (Reuters) - Jaccar Holdings, the main shareholder of Bourbon, said on Monday it will launch an offer to buy the French ship supplier on May 20.

Bourbon said in March that the offer, which is valid until June 23, would be conditional upon Jaccar securing 50.1 percent of the capital, as well as bank financing. It said at that time that the proposed bid was 24 euros per share.

Bourbon shares closed at 23.83 euros on Friday.

Jaccar currently owns 26 percent of the group, according to Bourbon’s website. ($1 = 0.7297 Euros) (Reporting by Maya Nikolaeva and Gilles Guillaume; editing by Jason Neely)

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