Doodle's Tender Offer Results: Lexibook Holds Strong Position

Doodle's Tender Offer Results Overview

In a strategic move within the shares market, the results from Doodle's recent tender offer on Lexibook have been announced. This development is particularly interesting for investors and stakeholders in the electronic leisure products sector. The outcome signifies a notable consolidation of shares following the initiation of Doodle's public tender offer.

Results of the Reopened Offer

After concluding the reopened offer, it has been confirmed that 206,026 shares of Lexibook were tendered. This acquisition contributes to a concerted effort wherein the members of the Le Cottier family group and Doodle collectively hold a commanding presence in the market. Together, they control a substantial 6,101,028 Lexibook shares, representing approximately 78.59% of the capital and at least 83.46% of the voting rights.

Breakdown of Shareholding

Here’s how the shares are distributed among the key players:

• Doodle: 3,637,222 shares (46.85% of capital)
• Emeric Le Cottier: 1,187,029 shares (15.29% of capital)
• Emmanuel Le Cottier: 1,154,607 shares (14.87% of capital)
• Luc Le Cottier: 122,170 shares (1.57% of capital)
• Lawrence Rosen LLC: 0 shares

This shared ownership not only enhances the control over Lexibook but also strengthens the overall strategic direction of the company moving forward.

Upcoming Settlement and Company Updates

The settlement and delivery for this tender offer are scheduled to take place shortly. This significant transition in shareholding indicates a promising outlook for the company's operations and growth trajectory. Recent projections by Lexibook reveal a revision of sales forecasts, hinting at a robust performance in the current financial year.

Sales Forecast and Financial Impacts

According to updates from the company, by the end of the recent financial period, Lexibook achieved sales nearing €64 million, surpassing early expectations. They are projecting sales exceeding €69 million in the following financial year. However, external economic factors, such as the fluctuating euro/dollar exchange rate, pose potential challenges. Lexibook is monitoring these conditions closely, with current hedging strategies possibly becoming less effective if the trends continue.

About Lexibook and Its Market Position

Lexibook, a frontrunner in the sector of electronic leisure products specifically designed for children, commands a portfolio of over 22 recognized brands, including Powerman, Decotech, and Karaoke Micro Star. This combination of innovative products and solid international licenses enables Lexibook to maintain its competitive edge globally. The company's resilience is reflected in its ability to sell a product every ten seconds across various markets.

Contact and Further Information

For additional inquiries, Lexibook’s CEO Aymeric Le Cottier is available for contact at 01 73 23 23 48 or via email at aymericlecottier@lexibook.com. These channels ensure transparent communication with stakeholders as the company navigates this new phase following Doodle's tender offer.

Frequently Asked Questions

What was the purpose of Doodle's tender offer for Lexibook?

Doodle's tender offer aimed to acquire shares in Lexibook, allowing for greater control and influence over the company's strategic direction.

How many shares were tendered during the reopened offer?

A total of 206,026 Lexibook shares were tendered in the reopened offer conducted by Doodle.

What percentage of shares does Doodle now control?

Doodle, along with the Le Cottier family group, now controls 78.59% of Lexibook's share capital.

What challenges is Lexibook facing currently?

Lexibook is facing challenges related to the fluctuating euro/dollar exchange rate, which may impact its margins if economic conditions do not stabilize.

Where can I find more information about Lexibook?

Further information about Lexibook can be found on their official website and investor relations page.

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