Compagnie Financière du groupe Michelin Senard et Cie made a tender offer to acquire additional approximately 20.6% stake in Société Internationale de Plantations d'Hévéas Société Anonyme (ENXTPA:SIPH) for €88.6 million in cash on June 6, 2017. SIFCA SARL, the holder of 55.59% stake in Société Internationale de Plantations d'Hévéas is acting in concert with Compagnie Financière du groupe Michelin Senard et Cie (SIFCA) to acquire the remaining approximately 1.04 million SIPH shares for €85 per share. Compagnie Financière du groupe Michelin Senard et Cie intends to initiate a squeeze-out of any minority shareholding left after the offer period if requisite conditions are met. On June 6, 2017, the Board of Directors of Société Internationale de Plantations d'Hévéas unanimously decided to issue a favorable opinion with respect to the offer and recommended SIPH shareholders to tender their shares. As on June 20, 2017, Compagnie Financière du groupe Michelin Senard et Cie opened the tender offer from June 22, 2017 to July 12, 2017. Oddo & Cie acted as transfer agent and guaranteeing bank for Compagnie Financière du groupe Michelin Senard et Cie. Antoine Tézenas du Montcel, Régis Henry and Arthur Debourdeaux of Gide Loyrette Nouel A.A.R.P.I. acted as legal advisors to Compagnie Générale des Etablissements Michelin. Alexandre Omaggio and François-Xavier Beauvisage of FTPA acted as legal advisors to SIPH. Daniel Emir of Brugière & Emir acted as legal advisor to SIFCA SARL. Marc Petitier, Bertrand Andriani and Valentin Lefebvre from Linklaters LLP served as legal advisors to Olam International Ltd., a shareholders of SIPH.