Unibel : Press release OPR-RO
30 September 2021 - 06:00PM
Unibel : Press release OPR-RO
Unibel
increases the price of its
draft public
buy-out tender
offer followed by a squeeze-out
(“OPR-RO”) to
€5501
per share
Suresnes, 30 September 2021
Unibel has decided to increase the price of its
draft public buy-out tender offer followed by a squeeze-out
announced on 19 March 2021 (“OPR-RO”) to €550 per Bel share. Unibel
intends to file said OPR-RO with the French financial markets
Authority (“AMF”) in the course of October 2021. The draft tender
offer remains subject to the AMF approval.
The draft OPR-RO price represents a 45.5%
premium over Bel’s 17 March 20212 closing share price, 58.4% over
Bel’s volume-weighted average share price during the 60 days prior
to 17 March 2021 and 25% over the €440 price announced on 19 March
2021.
About Unibel
Unibel, a heritage company is the holding
company of the Bel Group, a world leader in branded cheese and a
major player in the healthy snack market. Its portfolio of
differentiated and internationally recognized brands include such
products as The Laughing Cow®, Kiri®, Mini Babybel®, Boursin®,
Pom’Potes®, and GoGo squeeZ®, as well as some 20 local brands.
Together, these brands helped generate sales of €3.46 billion in
2020.Some 12,510 employees in some 30 subsidiaries around the world
contribute to deployment of the Group's mission to champion
healthier and responsible food for all. Bel products are prepared
at 33 production sites and distributed in nearly 120
countries.http://www.unibel.fr
1 A nominated independent expert will assess
whether the OPR-RO share price is fair.
2 The day before the announcement of Bel and
Lactalis Group entering into exclusive talks to sell a business
comprising Royal Bel Lambda NL, Bel Italia, Bel Deutschland, the
brand Leerdammer and all related rights, plus Bel Shostka
Ukraine.
- Unibel_Press Release_OPR-RO_US
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