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Theolia SA Announces Takeover Bid Launched by Macquarie Group Ltd's MEIF4 AX HOLDINGS SAS

Monday, 8 Jul 2013 01:03am EDT 

Theolia SA announced that MEIF4 AX HOLDINGS SAS, a subsidiary of Macquarie European Infrastructure Fund 4 (MEIF4), which is managed by Macquarie Infrastructure and Real Assets (MIRA), part of Macquerie Group Ltd, has launched a takeover bid for the Company. The takeover offer includes all existing shares of Theolia SA (consolidated and non-consolidated shares). It also includes all the OCEANEs and BSA issued by Theolia SA. The prices offered for all the securities targeted by the offer are as follows: EUR 1.70 per share for each share, offering a 51.8% premium over the last share price prior to the announcement of the takeover offer (i.e. on July 5, 2013) and 40.8% over the volume-weighted average price over one month; EUR 0.85 per non-consolidated share; EUR 15.29 per OCEANEs, plus the accrued coupon, offering premia of 51.6% and 49.0% respectively over the last trading price of the OCEANEs prior to the announcement and over the average price over one month; and EUR 0.002 per BSA. The takeover is conditional on the Offeror obtaining at least 2/3 of the voting rights of Theolia SA, on a diluted basis as well as on a non-diluted basis.