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General

Orange moves to buy remaining Business & Decision shares in buy-out offer and squeeze-out

Wednesday 12 February 2020 | 11:23 CET | News
Orange, via its Orange Business Services subsidiary, will ask approval from the French financial market authority (AMF) for a buy-out offer followed by a squeeze-out for the remaining shares of Business & Decision it does not own, at a price of EUR 7.93 per share. The plans for these transactions were first unveiled in mid-2018, when Orange launched a friendly tender offer at a price of EUR 7.93 per share, having already acquired a majority stake in Business & Decision. The group currently holds 93.62 percent of the company's share capital and 93.42 percent of voting rights.

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Categories: General
Companies: Orange / Orange Business Services
Countries: France / World
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