(CercleFinance.com) – Vilmorin announces that its Board of Directors has issued, unanimously among its members, a favorable reasoned opinion on the proposed simplified public tender offer (OPAS) targeting its shares, initiated by Limagrain Participations, at a price of 62.60 euros per share.
The independent expert noted in particular in his report that the offer price shows a premium of 8.1% compared to the central value obtained by his approach by discounted future cash flows.
The Board therefore recommends that Vilmorin shareholders tender their shares to the offer which, subject to obtaining the AMF’s compliance decision, should be opened at the end of June and closed by here mid-July.