Boiron: agreement to sell majority stake signed
This transfer, if the final conditions are met, should be followed by the filing of a proposed simplified tender offer (OPAS) for the Boiron shares and, if the conditions are met at the end of this offer, a squeeze-out.
The sale agreement sets out the principle and conditions of the transfer, by way of contribution in kind and sale, of 12,255,758 Boiron shares, representing 69.85% of the share capital and 78.06% of the theoretical voting rights, on the basis of the same price as that of the offer.
As a reminder, Boiron Développement's public stock buyback tender offer would be made at a price of €39.64 per share, less an exceptional dividend of €10.36 per share subject to approval by the AGM convened for October 16.
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