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Boussard and Gavaudan Holding Ltd in Concert with Itefin Participation and BG Master Fund plc to File a Simplified Takeover Bid for the Shares of GFI

Monday, 10 Jun 2013 06:01am EDT 

Boussard and Gavaudan Holding Ltd announced that GFI's two main shareholders, Itefin Participation (a Company held by Apax Partners and Altamir) and Boussard & Gavaudan Asset Management LP, represented by his General Partner, Boussard & Gavaudan Partners Limited, acting on behalf BG Master Fund plc and Boussard & Gavaudan Holding Limited, which respectively own 29,99% and 27,9% of GFI, have signed a shareholder agreement on June 7, 2013 in order to act in concert. In compliance with applicable regulations, the Concert, through the Infofin Participations entity set up for this purpose, will file a mandatory public tender offer with the Autorite des Marches Financiers (AMF) for all of the outstanding shares and bonds giving access to GFI's share capital or voting rights which are not yet held by the Concert, at a price of: EUR 3.75 per share, including the 2012 dividend; EUR 5.10 per OCEANE; EUR 0.35 per BSAAR. The offer price per share values the Company at EUR 204 million, which represents a premium of 23.4% over the closing price on June 7, 2013. The Concert is not considering initiating a delisting procedure following completion of the public takeover bid. 

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