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3D Systems Corp's 3D Systems Ltd Europe Acquires 80% Stake in Phenix Systems SAS; Will Launch Public Takeover Bid


Wednesday, 12 Jun 2013 11:20am EDT 

Phenix Systems SAS announced that 3D Systems Europe Ltd., a subsidiary of 3D Systems Corporation, signed share purchase agreements to become the majority shareholder of Phenix Systems On June 5, 2013 and June 11, 2013, 3D Systems secured, the purchase of 79.68% of the shares and 78.64 % of voting rights (after completion) of Phenix Systems at a maximum price of EUR 13 per share, the sellers being the founders and main financial investors (FCPI INNOVERIS IV, FCPI INNOVERIS V and FCPI INNOVERIS VII represented by their management company, Viveris Management, and Banque Populaire Creation whose management company is Naxicap Partners). Closing shall take place no later than July 15, 2013. 3D Systems will launch a simplified take-over bid (OPAS) on the remaining outstanding shares and voting rights of Phenix Systems. Should 3D Systems hold more than 95% of Phenix Systems shares or voting rights following the OPAS, it intends to launch a squeeze-out procedure (RO). The price per share offered for both the OPAS and RO should be the maximum price paid by 3D Systems under the aforementioned transaction, i.e. EUR 13 per share. 

Company Quote

48.17
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17 Apr 2014