Axens announces bid for petrochem group
Axens announces the launch today, of its takeover bid for the shares of Heurtey Petrochem group.
Following its decision of conformity concerning Axens takeover bid on Nov. 29, the French capital markets authority has published the detailed bid calendar on its website.
The offer will remain open until Jan. 5, 2017.
The offer price of €25 represents a 44.1% premium on the volume -- weighted average share price over the last 3 months to Oct. 10 -- the last trading day before the announcement of the transaction.
Heurtey Petrochem shareholders wishing to tender their shares under the terms of the Offer will need to submit a tender order to their financial intermediary managing their account no later than on the closing date of the Offer. These tender orders may be revoked at any time up to the Offer closing date.
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