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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Wright Reports
Provider: GlobalData

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Kingfisher launches takeover bid for Mr Bricolage

Thursday, 3 Apr 2014 02:00am EDT 

Mr Bricolage SA:Announces opening of exclusive negotiations over acquisition of Mr Bricolage by Kingfisher.Preliminary non-binding agreement signed on April 2 by Kingfisher, ANPF, Tabur family and Mr Bricolage.This agreement concerns purchase by Kingfisher of all Mr Bricolage shares held by ANPF (49 pct of capital) and by Tabur family (26.2 pct of capital) for 15 euros per share.Acquisition of shares held by ANPF and Tabur family would be followed by public tender offer by Kingfisher for all remaining shares in Mr Bricolage, possibly followed by squeeze-out. 

Company Quote

-0.1 -0.70%
19 Dec 2014