LafargeHolcim offers €60 a share in squeeze-out

LafargeHolcim offers €60 a share in squeeze-out
Published: 15 September 2015

Tagged Under: Switzerland LafargeHolcim 

LafargeHolcim has decided to implement a squeeze-out procedure for the Lafarge shares not tendered between May and July 2015 (representing 3.56 per cent of the share capital).

LafargeHolcim is offering to indemnify in cash the shareholders of Lafarge at a price of €60 per share. As an alternative to the cash indemnification proposed, an exchange option of 9.45 LafargeHolcim shares for 10 Lafarge shares has also been offered.

On the date of implementation of the squeeze-out, Lafarge shares will be delisted from Compartment A of Euronext Paris. The current indicative timetable (which is yet to be confirmed by the AMF) is for the exchange option exercise period to open on 1st October 2015 (closing 14th October) with completion on 23rd October 2015.