Bertrand Restauration SAS announced a proposed bid to acquire remaining 22.8% stake in Groupe Flo SA (ENXTPA:FLO) for €36.3 million in August 2019. Under the terms, Groupe Bertrand will pay €0.208 per share of Groupe Flo. Transaction is subject to approval from French market regulator AMF. As of November 20, 2019, Bertrand Restauration SAS will launch a tender offer to acquire additional 22.4% stake in Groupe Flo SA for €35.9 million at a price of €0.21 per share. Tender offer period will run from October 25, 2019 to November 7, 2019. As of November 20, 2019, the offer will close on December 6, 2019.