Orange Looks to Buy Remaining Shares in Business & Decision SA
February 12 2020 - 3:42AM
Dow Jones News
By Mauro Orru
Orange said Wednesday that it would file a buy-out offer for the
remaining shares of consultancy Business & Decision SA through
its subsidiary Orange Business Services SA.
The subsidiary of the French telecommunications company
currently holds 93.62% of Business & Decision's share capital
and 93.42% of voting rights.
Orange said it would file the offer at a price of 7.93 euros
($8.65) per share to the French financial regulator AMF, followed
by a mandatory squeeze-out--a mechanism triggered by a majority
shareholder urging minority shareholders to sell their stakes in a
company--by the end of February.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
February 12, 2020 03:27 ET (08:27 GMT)
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