Steinhoff Offer for Each Darty Share 125p in Cash
Source: BFW (Bloomberg First Word)
Tickers
DRTY LN (Darty Plc)
FNAC FP (Groupe Fnac SA)
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UUID: 7947283
(Bloomberg) -- Conforama, Darty boards agree on terms of recommended all cash offer to be made by Conforama, with support of parent Steinhoff International Holdings, for Darty.
Alert: HALISTER- Under terms of the offer, Darty shareholders to get 125p/shr
- Offer represents premium of ~54.3% vs closing price on Sept. 29
- Premium of 3.4% to current implied offer price of 120.9p/shr from Groupe Fnac
- Premium of 7.6% to previosuly recommended implied offer price of 116.2p/shr from Fnac on Nov. 6
- Premium of 18.6% to previously recommended implied offer price of 105.4p/she from Fnac on Nov. 20
- Offers values entire capital of Darty at ~GBP673m
Source: BFW (Bloomberg First Word)
Tickers
DRTY LN (Darty Plc)
FNAC FP (Groupe Fnac SA)
To de-activate this alert, click here
UUID: 7947283