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Provider: Reuters Investment Profile

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Thermocompact SA Announces Details of Public Tender Offer for Its Shares

Thursday, 6 Dec 2012 12:30pm EST 

Thermocompact SA announced that its Enterprise Committee, on December 3, 2012, voted in favor of the project whereby the Mollard and Cornier families, Sofil (which is owned by the Mollard and Cornier families) and the Naxicap group will sell their shares in Termocompact SA to Thermo Technologies, a company which they have created. These shares amount to 51.96% of the share capital of Thermocompact SA and will be sold at a price of EUR 22.70 per share. The Enterprise Committee also voted in favor of Thermo Technologies' public tender offer for all of Thermocompact SA's shares at the price of EUR 22.70 per share. This public tender offer could be followed by a squeeze-out. 

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24 Jul 2014