Keysight Announces Result of Cash Tender Offer for Shares of ESI Group
10 Janeiro 2024 - 6:05PM
Business Wire
Greater than 90% ownership enables mandatory squeeze-out of
remaining shares
Keysight Technologies, Inc. (NYSE: KEYS) announced 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.
Source: IR-KEYS
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version on businesswire.com: https://www.businesswire.com/news/home/20240110370672/en/
Investor Contact Jason Kary +1 707 577 6916
Jason.kary@keysight.com
Media Contact Andrea Mueller +1 408 218 4754
Andrea.mueller@keysight.com
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