ESI Announces Result of the Public Tender Offer Initiated by Keysight Technologies for Shares of ESI Group
10 Janeiro 2024 - 6:05PM
Business Wire
Greater than 90% ownership enables mandatory
squeeze-out of remaining shares
Regulatory News:
ESI Group SA (ISIN code: FR0004110310, Symbol: ESI) (“ESI
Group”) (Paris:ESI) announces that the French Financial Markets
Authority (Autorité des Marchés Financiers – AMF) published today
the final results of the public tender offer initiated by Keysight
Technologies Inc., through its fully owned subsidiary Keysight
Technologies Netherlands B.V (“Keysight”), for ESI Group’s
shares (the “Offer”).
Upon the settlement-delivery of the Offer, which will occur on
18 January 2024, Keysight will hold a total of 6,055,000 ESI Group
shares representing 98.2% of the share capital and 96.4% of the
theoretical voting rights of ESI Group1.
Based on this result, Keysight will shortly formulate a request
to the AMF to implement the squeeze-out, as indicated in the Offer
Document relating to the Offer.
The squeeze-out will be subject to the same financial conditions
as the Offer, namely 155 euros per ESI Group share in cash.
Trading on ESI Group’s shares has been suspended pending
implementation of the squeeze-out.
The AMF notice of the result is available on its website
(https://www.amf-france.org/).
Disclaimer
This press release has been prepared for information purposes
only. It does not constitute an offer to buy or a solicitation to
sell ESI Group securities in any jurisdiction, including
France.
The dissemination, publication or distribution of this press
release may be subject to specific regulations or restrictions in
certain countries. Accordingly, persons in possession of this press
release are required to inform themselves about and to comply with
any local restrictions that may apply.
About ESI Group
Founded in 1973, ESI Group envisions a world where Industry
commits to bold outcomes, addressing high stakes concerns -
environmental impact, safety and comfort for consumers and workers,
and adaptable and sustainable business models. ESI Group provides
reliable and customized solutions anchored on predictive physics
modeling and virtual prototyping expertise to allow industries to
make the right decisions at the right time while managing their
complexity. Acting principally in automotive & land
transportation, aerospace, and heavy industry, ESI Group is present
in more than 15 countries, employs 1,000 people around the world,
and reported 2022 sales of 130 million euros. ESI is headquartered
in France and is listed in compartment B of Euronext Paris.
About Keysight Technologies At Keysight (NYSE: KEYS), we
inspire and empower innovators to bring world-changing technologies
to life. As an S&P 500 company, we're delivering market-leading
design, emulation, and test solutions to help engineers develop and
deploy faster, with less risk, throughout the entire product
lifecycle. We're a global innovation partner enabling customers in
communications, industrial automation, aerospace and defense,
automotive, semiconductor, and general electronics markets to
accelerate innovation to connect and secure the world. Learn more
at Keysight Newsroom and www.keysight.com.
________
1 On the basis of a total of 6,168,593 shares on 31 December
2023, representing 6,282,186 theoretical voting rights, following
the loss of double voting rights, as the case may be, attached to
ESI Group shares tendered in the Offer.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240110723833/en/
ESI Group Pascale Arnaud investors@esi-group.com +33 1 49
78 28 28
orson. – Press & Shareholder Relations Gael
Durand-Perdriel gael.durand-perdriel@orson.ai +33 7 85 63 63
19
Element Solutions (NYSE:ESI)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Element Solutions (NYSE:ESI)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024