(CercleFinance.com) – Rothschild & Co announces the intention of its first shareholder Concordia, holding company of the Rothschild family, to file a simplified takeover bid (OPAS) at a price of 48 euros per share, dividends attached, and request a squeeze-out.
The financial company intends to propose to the annual general meeting of shareholders, which will be held on May 25, the payment of an ordinary dividend of 1.4 euros per share. It would be paid on May 31 with an ex-dividend date of May 29.
In addition, subject to the favorable opinion of its supervisory board, Rothschild & Co would propose to this general meeting an exceptional distribution of eight euros per share which would be paid only if Concordia files this offer.
The Supervisory Board set up an ad hoc committee and appointed Finexsi as an independent expert, responsible for drafting a report including an opinion on the financial terms of the OPAS and giving an opinion on the exceptional distribution.
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