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Publicis Groupe SA Initiates Squeeze Out Procedures to Acquire All Outstanding Shares in LBi International NV


Monday, 18 Feb 2013 01:00pm EST 

LBi International NV (LBi) announced that Publicis Groupe Holdings BV, a wholly owned subsidiary of Publicis Groupe SA, (Publicis) has initiated legal proceedings to acquire all outstanding shares in LBi by a ruling of the Enterprise Chamber of the Amsterdam Court of Appeal. These proceedings are initiated by Publicis following the acquisition of more than 95% of all issued and outstanding ordinary shares in the Company (the Shares). In light of the Company holding 4,162,861 Shares in treasury, it will act as co-plaintiff in these proceedings. 

Company Quote

19.27
-0.24 -1.23%
25 Jul 2014