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Aubay SA Announces Results of Public Tender Offer for Aedian SA Shares; Launches Squeeze Out


Friday, 11 Oct 2013 12:00pm EDT 

Aubay SA announced that following its reopened public tender offer for shares in Aedian SA, which took place between September 12 and October 4, 2013, it holds 1,638,474 Aedian SA shares, representing an 88.5% stake. Taking into consideration the 107,793 shares (5.82% of the capital) held by Aedian SA itself and 19,499 free shares (1.05% of the capital) which can not be sold during the offer period but which seven of the shareholders have agreed to sell, the public only holds 4.6% of the capital and 4.8% of the voting rights in Aedian SA. Therefore, Aubay SA intends to initiate a squeeze out for the Aedian SA shares it does not already hold. 

Company Quote

9.3
-0.05 -0.53%
19 Dec 2014