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Publicis Groupe SA Launches Recommended Public Cash Offer for All Issued and Outstanding Shares of LBi International NV


Monday, 12 Nov 2012 02:45pm EST 

Publicis Groupe SA announced that it has launched a recommended public offer for all the issued and outstanding shares in the capital of LBi International NV at an offer price of EUR 2.85 cum dividend per share. As of November 9, 2012, Publicis Groupe held 30,939,476 shares in LBi which represent in total approximately 21.19% of the fully diluted capital. Certain selected shareholders together holding 64.83% of the fully diluted capital of LBi entered into irrevocable commitments to tender their shares under the offer. The acceptance period commences on November 13, 2012 and ends on January 15, 2013. The Offer values the fully diluted capital of LBi International NV at approximately EUR 416 million. 

Company Quote

56.95
-0.76 -1.32%
19 Sep 2014