Successful Conclusion of Unieuro Tender Offer by Fnac Darty

Fnac Darty's Strategic Acquisition of Unieuro

Fnac Darty has announced the final outcomes of its voluntary public tender offer for Unieuro, successfully acquiring 96.70% of the company's share capital, including treasury shares. This acquisition marks a crucial step in Fnac Darty's growth strategy, solidifying its presence in the competitive retail market.

Details of the Tender Offer

Overview of Results

In this strategic movement, 3.04% of Unieuro's shares were tendered, which, when combined with the 93.32% previously owned by Fnac Darty and HoldCo, leads to a total of 96.70% of Unieuro's share capital now held by these entities. The new payment date for the acquisition obligation, as dictated by Article 108, Paragraph 2 of the CFA, is set for a specified upcoming date.

Joint Purchase Procedure Timeline

The joint purchase procedure is scheduled to last for five trading days, providing shareholders the opportunity to finalize their tenders. The specific dates encompass a range of trading days in December, reflecting the ongoing commitment by Fnac Darty to facilitate the transition for all involved shareholders.

Implementing the Obligation to Purchase

Final Results Analysis

The obligation to purchase represents a pivotal move in increasing Fnac Darty's market control. The total tender counts included 634,430 remaining shares, accounting for 3.04% of the overall share capital, demonstrating a robust participation from current shareholders.

Methodology for Payment to Shareholders

The compensation structure during this transition includes both cash and share options. For those participating in the tender, the cash compensation is set at €9.00 per Unieuro share, along with additional shares of Fnac Darty for a select portion of shareholders. This hybrid compensation illustrates Fnac Darty's strategic financial planning to ensure shareholder satisfaction.

Moving Toward Delisting

Regulatory Considerations

Following the completion of the purchase obligation, regulatory authorities will oversee the delisting of Unieuro shares from Euronext STAR Milan, effective on the payment date. This regulatory move aligns with market consolidation strategies pursued by Fnac Darty.

Engagement with Stakeholders

Fnac Darty has committed to maintaining transparent communication with all stakeholders involved in the transition. The company has engaged in comprehensive outreach to ensure that shareholders understand the procedures and implications surrounding their investments.

Future Prospects for Fnac Darty

This acquisition positions Fnac Darty as a formidable player in the retail sector, enhancing its portfolio with Unieuro’s strong market standing. The planned integrations and synergies are set to optimize operations and enhance shareholder value significantly moving forward.

Frequently Asked Questions

What percentage of Unieuro's shares has Fnac Darty acquired?

Fnac Darty has successfully acquired 96.70% of Unieuro's share capital through its tender offer.

What is the new payment date for the tender offer obligations?

The payment date for the tender offer obligations is set for a specific upcoming date in December.

How will shareholders receive their compensation?

Shareholders will receive a combination of cash and Fnac Darty shares as part of the compensation for their tendered Unieuro shares.

What are the next steps for the listing of Unieuro shares?

Unieuro shares will be delisted from Euronext STAR Milan following the completion of the purchase obligations.

How does this acquisition impact Fnac Darty's market strategy?

This acquisition enhances Fnac Darty's market presence and offers opportunities for growth and operational efficiencies within the retail sector.

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