(AOF) – The Board of Directors of UFF has issued, unanimously by its members who took part in the vote, a favorable reasoned opinion on the proposed simplified takeover bid initiated by Abeille Assurances Holding. He considers that this is in the interest of the company, its shareholders and its employees. Abeille Assurances Holding, which directly or indirectly held 74.99% of UFF’s capital and voting rights on the day the offer was filed, is offering 21 euros per UFF share.
The independent expert noted in particular in his report that the price of the offer shows a premium compared to all the references examined, its intrinsic and analogical valuations integrating the value of the real estate assets and the results of its analyzes of sensitivity.
The price of the offer also represents a premium of 51% compared to the last quoted price of the UFF share preceding the filing of the offer, a premium of 54.5% on the average price weighted by the volumes of the UFF stock over the past 60 trading days.
The Board of Directors therefore recommends that UFF shareholders who wish to benefit from immediate liquidity tender their shares to the offer.
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