Gecina has just announced a public offer on Foncière de Paris and proposed cash of €150 per FdP share, or an exchange of 6 Gecina shares for 5 shares of FdP. The proposal stands at a 10% premium on the offer previously proposed by Eurosic. As reminder, in March 2016, Eurosic offered €136 per share, for shares of FdP or a premium of 1.5% on the group’s FY15 NAV. An interesting battle, wait and see.
20 May 2016
Gecina's public offer on Foncière de Paris means good news
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Gecina's public offer on Foncière de Paris means good news
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
20 May 2016 -
Author:
Alda Kule Dale -
Pages:
2
Gecina has just announced a public offer on Foncière de Paris and proposed cash of €150 per FdP share, or an exchange of 6 Gecina shares for 5 shares of FdP. The proposal stands at a 10% premium on the offer previously proposed by Eurosic. As reminder, in March 2016, Eurosic offered €136 per share, for shares of FdP or a premium of 1.5% on the group’s FY15 NAV. An interesting battle, wait and see.