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Provider: Reuters Investment Profile

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Klepierre SA Implements Squeeze-Out Following Completion of Tender Offer for Klemurs SCA's Shares

Friday, 5 Apr 2013 11:45am EDT 

Klepierre SA announced that following the completion of the Company's tender offer for Klemurs SCA's shares, it now holds 98,88% of the shares and will implement a squeeze-out of the shares not tendered into the offer on April 10, 2013. On April 4, 2013 the AMF published a notice which specifies that the date of implementation of the squeeze-out of Klemurs SCA's shares not tendered into Klepierre SA`s simplified tender offer will be April 10, 2013. The tender offer took place from February 21, 2013 up to and including March 8, 2013. The trading of Klemurs SCA's shares on Euronext Paris was suspended on April 4, 2013 after the closing of the markets. The squeeze-out will apply to all shares in Klemurs SCA not tendered into the offer, i.e 92,491 shares on the basis of a share capital of 8,250,000 shares. The amount of compensation payments for the shares subject to the squeeze-out will equal that of the price of the tender offer, i.e. EUR24.60 per share. 

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24 Dec 2014