CALIDA Holding AG (SWX:CALN) made an offer to acquire remaining 6.5% stake in Lafuma SA (ENXTPA:LAF) for €8.3 million on September 25, 2020. As per terms of transaction, Calida Holding AG is offering the public shareholders of LAFUMA SA a price of €17.99 for each LAFUMA share. Calida Holding AG plans to carry out a squeeze-out procedure (cancellation) for all LAFUMA SA shares not tendered in the public tender offer at the same price offered in the public tender offer. Duration of the offer will be 10 trading days. On September 30, 2020, the transaction is unanimously approved by the board of directors of Lafuma SA. The transaction has been approved by the French financial market regulator (AMF).The tender offer will run from November 13 to November 26, 2020. Agnès Piniot and Sébastien Sancho of Ledouble SA acted as an independent expert for Lafuma SA. Patrick Dziewolski, Jean-Damien Boulanger and Pierre-Henri Durand of Bredin Prat & Associes acted as legal advisors to CALIDA Holding AG.

CALIDA Holding AG (SWX:CALN) completed the acquisition of remaining 6.5% stake in Lafuma SA (ENXTPA:LAF) on November 26, 2020. CALIDA Holding now holds 6.97 million shares representing 97.96% stake. Any Lafuma shares not tendered in the public tender offer will be cancelled on December 4, 2020 by means of a squeeze-out procedure in return for compensation in the amount of the public offer price of €17.99 per share. The shares of Lafuma will be delisted from Euronext in Paris/France on December 4, 2020.