(CercleFinance.com) – The AMF announces that the simplified tender offer (OPAS) targeting the shares of cutting tool manufacturer Tivoly, filed by Société Générale on behalf of SAS Holding Tivoly, will be opened from 12 May to June 3 inclusive.
The initiator irrevocably undertakes to acquire, at a unit price of 42.05 euros, all the shares not held by him, excluding the 5,269 treasury shares, i.e. 292,608 shares, representing 26.41% of the capital and 19, 25% of voting rights.
Societe Generale will acquire on the market, on behalf of the initiator, the shares tendered to the offer. Holding Tivoly intends to request the implementation of a squeeze-out at the end of the offer if the conditions are met.
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