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Fonciere Sepric SA Announces Details of Public Tender Offer for Its Shares by Patrimoine et Commerce SCA


Wednesday, 30 Jan 2013 11:02am EST 

Fonciere Sepric SA announced that Credit Agricole Corporate and Investment Bank, acting on behalf of Patrimoine et Commerce SCA, filed a simplified mixed public tender offer, combined with a subsidiary simplified public tender offer for the Company's shares on January 30, 2013. The offer concerns all Fonciere Sepric SA shares not currently held by Patrimoine et Commerce SCA. Patrimoine et Commerce SCA holds 4,707,163 Fonciere Sepric SA shares as of January 30, 2013, that is 61.73% of the share capital and 50.14% of the voting rights. Under the terms of the simplified mixed public tender offer, Patrimoine et Commerce SCA will exchange 11 Patrimoine et Commerce SCA for 20 Fonciere Sepric SA shares, to which will be added a cash payment of EUR 0.92 per share. Under the terms of the subsidiary simplified public tender offer, Patrimoine et Commerce SCA offers to buy Fonciere Sepric SA shares at the price of EUR 12 per share. The number of shares that may be bought as part of the subsidiary simplified public tender offer is limited to 462,000. 

Company Quote

21.3
0.1 +0.47%
6:11am EDT