Jaccar Holdings bids for Bourbon's sharesCompany News // March 17, 2014
Bourbon says it has been informed of a proposed bid for its shares at a price of 24 Euros per share by its main shareholder, Jaccar Holdings.
The offer is conditional upon obtaining 50.1 per cent of the capital and bank financing.
The offer would allow Jaccar Holdings to strengthen its position in Bourbon's share capital and provide liquidity to shareholders.
Jaccar Holdings has indicated that it does not intend to implement a squeeze-out following the completion of this offer.
The Board of Directors of Bourbon has been informed of the offer and will conduct a preliminary review of the key terms at a meeting to be held on 21 March 2014.