Coyote System SAS offered to acquire 51.06% stake in Traqueur SA (ENXTPA:ALTRA) on May 5, 2017. As of November 13, 2017, Coyote System SAS initiated the tender offer for shares of Traqueur SA at a price of €1.5 per share, thereby valuing the offer at €2.5 million. On January 8, 2018, 576,373 Traqueur shares were deposited. Coyote System SAS holds 2.2 million shares in total representing 66.22% stake. The minimum requirement - namely the direct and indirect holding at the end of the offer of a number of shares representing a fraction of the capital or voting rights greater than 50% is satisfied. A subsequent publication will specify the dates and duration of the reopening of the offer. Takeover bid on Traqueur shares will reopen from January 16, 2018 until January 29, 2018 inclusive. Olivier Guignon of Alantra acted as financial advisor for Coyote. Coyote System SAS completed the acquisition of a minority stake in Traqueur SA (ENXTPA:ALTRA) on February 2, 2018. In total, Coyote System SAS holds 2.2 million shares representing 66.58% stake.