The Dentressangle family offered to acquire the remaining 45.67% stake in Tessi SA (ENXTPA:TES) for approximately €200 million on January 7, 2019. Under the terms of the offer, the buyer will acquire the shares of Tessi at €160 per share. The buyer will file the offer with the French financial markets authority (Autorité des marchés financiers or AMF) on January 8, 2019. The buyer has no plans to implement a squeeze-out after the offer. The transaction has been unanimously approved by the Supervisory Board of Tessi. NG Finance also concluded that the offer price is reasonable and fair for Tessi’s shareholders. NG Finance acted as fairness opinion provider for Tessi. Dominique Bompoint of Cabinet Bompoint acted as legal advisor to the buyer, whereas Olivier Dardel and Denis Vidalinc of Canaccord Genuity acted as financial advisors to Tessi. The Dentressangle family cancelled the acquisition of remaining 45.67% stake in Tessi SA (ENXTPA:TES) on January 7, 2020.