(Boursier.com) — Euronext attempted a rebound of 1.4% to 69.30 euros on Friday, while the title lags 10% this week following the latest market rumors. The exchange operator has confirmed that it has submitted an indicative offer to the Allfunds board of directors and is in active talks with its major shareholders. This indicative offer is subject, among other things, to the conclusion of an agreement with the main existing shareholders of Allfunds.
This indicative offer is currently being studied by the Board of Directors of Allfunds and Euronext reserves the right to modify its terms. There is no certainty that this will lead to the presentation of an offer, specifies Euronext.
Allfunds indicated for its part that it had received an unsolicited, indicative and conditional public offer proposal at a price of 8.75 euros per ordinary share. The cash and share offer consists of 5.69 euros in cash and 0.04059 new Euronext NV shares.
Among brokers’ opinions, Deutsche Bank adjusted the cursor from 102 to 103 euros with a “buy” notice on the file.
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