Nice Group S.p.A made a tender offer to acquire remaining 10.4% stake in Nice S.p.A. (BIT:NICE) for €40.3 million on December 24, 2018. Nice Group S.p.A will acquire remaining 11.5 million shares for €3.5 per share. Nice Group intends to exercise (potentially through a newly incorporated company entirely controlled by Nice Group) its squeeze out right pursuant to art. 111 of the Single Financial Act, occurring the relevant conditions, following the fulfilment of the Obligation to Purchase. The tender will commence from March 4, 2019 till March 22, 2019. Natixis S.A. acted as financial advisor to the transaction.