The Swiss Calida Holding has announced its intention to launch a buy-out tender offer followed by a squeeze-out for all outstanding shares of its subsidiary Lafuma SA, which is listed on Euronext in Paris/France. Calida currently holds 93.50 percent of the share capital and voting rights of Lafuma SA. The group is offering the public shareholders of Lafuma SA a price of €17.99 for each Lafuma share, which represents a premium of 5.7 percent on the volume-weighted average price of the last 60 calendar days. The total transaction volume amounts to €8.2 million.
Irrespective of the outcome of the public takeover bid, Calida Holding plans to implement a squeeze-out (cancellation) procedure for all Lafuma SA shares not tendered in the public takeover bid at the same price as in the bid. For public shareholders of Lafuma SA who do not tender their shares in the public tender offer, this means that the shares held by them will be cancelled and they will receive compensation in the amount of the offer price in accordance with the public tender offer.
The draft offer prospectus will be available on the websites of the French Financial Markets Authority (AMF) and the Calida Group. The offer and the prospectus are subject to review by the AMF
