(CercleFinance.com) – The technology consulting group Micropole ruled on Wednesday that the proposed public purchase offer submitted by Miramar Holding was ‘hostile’ and that it did not express the full value of the company.
In a press release, the specialist in the transformation of businesses through data indicates that its board of directors met yesterday evening to discuss the follow-up to be given to the proposed offer.
Its members unanimously considered that the offer was not based on any substantiated industrial project and categorically rejected the presentation of the company’s performance and strategy.
The board therefore reaffirmed its confidence in the group’s strategy and decided to explore alternative solutions ‘in the best interests of stakeholders’.
As such, Micropole says it has already initiated discussions with investors.
Its council also denounces the ‘destabilization’ generated by this unfriendly offer and the numerous direct solicitations made by Sebastian Lombardo, the president of Miramar, to employees via LinkedIn.
‘If this announcement is not completely a surprise, it acknowledges the upcoming stock market battle to take control of Micropole’, reacted Invest Securities analysts this morning.
Sebastian Lombardo was notably the president of the French IT services company Valtech for more than 10 years.
After jumping more than 45% yesterday, Micropole shares listed on the Paris Stock Exchange slowed down and only rose 1.3% on Wednesday in early trading.
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