Fnac Darty: lowering of the minimum threshold for holding Unieuro capital

(Boursier.com) — Fnac Darty indicates that the minimum threshold condition for holding the capital of Unieuro allowing Fnac Darty and Ruby Equity Investment Sàrl to propose the merger of Unieuro during the General Meeting of Shareholders is reduced from 90% to 66.67% of the capital Unieuro social network.

This offer to Unieuro shareholders would allow them to benefit from an attractive valuation of 9 euros in cash and 0.1 Fnac Darty share, or 12 euros per share.

The offerors reaffirm their “conviction as to the attractiveness of the proposed consideration”, concretizing a premium of 42%.

This offer is considered fair from a financial point of view by the two independent financial experts appointed by the board of directors of Unieuro, and would allow the company’s shareholders, who would tender their securities, to benefit from the potential for value creation. of the combined entity. The offerors are firmly convinced that this merger – which would give rise to a leader in the sale of technical products, household appliances, editorial products and services in Southern and Western Europe – would be beneficial for customers, employees and franchisees of both companies. All Unieuro employees would be retained.