Mannai Corporation Announces Its Intention
to File a Buy-Out Offer Followed By a Squeeze-Out on Gfi
Informatique
September 27, 2018
Mannai Corporation, which holds 96.60% of the
share capital and voting rights of Gfi Informatique, announces
its intention to file with the French financial markets
authority (AMF) a buy-out offer followed by a squeeze-out for
the remaining shares of Gfi Informatique at a price of
€10.5 per
share which will be subject to the appraisal of an independent
expert in accordance with applicable French regulation.
Gfi Informatique's board of directors will
issue a reasoned opinion on the contemplated offer on the basis
of the report of an independent expert. In this context, Finexsi
has been appointed by Gfi Informatique's board of directors as
an independent expert to appraise the fairness of the financial
conditions of the contemplated offer. The buy-out offer followed
by a mandatory squeeze out will be subject to the AMF clearance
and is expected to be filed in October 2018.
Mannai Corporation is advised by Crédit
Agricole Corporate and Investment Bank acting as exclusive
financial advisor and Clifford Chance acting as legal advisor.
Gfi Informatique is advised by Cohen Amir-Aslani acting as legal
advisor.
About Gfi Informatique
Gfi Informatique is a major
player in value-added IT services and software in Europe, and
occupies a strategic position in its differentiated approach to
global firms and niche entities. With its multi-specialist
profile, the Group serves its customers with a unique
combination of proximity, sector organisation and
industrial-quality solutions. The Group has around 15,000
employees and generated revenue of €1.132 million in 2017.
Gfi Informatique is listed on
Euronext Paris, NYSE Euronext (Compartment B) - ISIN:
FR0004038099
Disclaimer
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, TO ANY JURISDICTION IN WHICH THE
DISTRIBUTION OR DISSEMINATION OF SUCH A RELEASE IS UNLAWFUL OR
WOULD SUBJECT MANNAI CORPORATION TO ANY LEGAL OBLIGATIONS. YOU
MAY NOT FORWARD OR OTHERWISE TRANSMIT A COPY OF THIS PRESS
RELEASE TO ANY OTHER PERSON
This press release is for information
purposes only and does not constitute and cannot be construed as
an offer or invitation to purchase or sell any securities of Gfi
Informatique by Mannai Corporation in any jurisdiction,
including in France. The dissemination, publication or
distribution of this press release is prohibited in any country
where such dissemination, publication or distribution would
constitute a violation of applicable law or regulation or would
subject Mannai Corporation to any legal requirements. These
statements do not represent investment advice neither a
solicitation for the purchase or sale of financial instruments
as contemplated by the laws in any country or state.
|