(Boursier.com) — Abeille Assurances Holding, which directly or indirectly holds 74.99% of the capital and voting rights of Union Financière de France Banque, announces its intention to file a draft simplified tender offer in cash on UFF shares at a price of 21 euros per share.
The proposed price values 100% of the shares of UFF at 341 million euros and shows a premium of 51% compared to the last quoted price of the UFF share and a premium of 55% on the average price weighted by the volumes of UFF stock over the last 60 trading days.
trading of UFF shares was suspended today and will resume on November 29.
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