Today, 8 November 2017, IGE + XAO announced a friendly take-over by Schneider Electric. The price of the offer is €132/share including the attached dividend of €1.5/share with respect to FY2016/17. The proposed price includes a premium of 15% compared to the closing market price on 7 November 2017 (€114.8/share) and 41.5% compared to the volume-weighted average share price over twelve months. The tender offer is conditional to the holding of two-thirds of the shares (plus one s
08 Nov 2017
Friendly take-over by Schneider Electric
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Friendly take-over by Schneider Electric
- Published:
08 Nov 2017 -
Author:
Hélène Coumes -
Pages:
3
Today, 8 November 2017, IGE + XAO announced a friendly take-over by Schneider Electric. The price of the offer is €132/share including the attached dividend of €1.5/share with respect to FY2016/17. The proposed price includes a premium of 15% compared to the closing market price on 7 November 2017 (€114.8/share) and 41.5% compared to the volume-weighted average share price over twelve months. The tender offer is conditional to the holding of two-thirds of the shares (plus one s