Displaying items by tag: Squeezeout

Switzerland: LafargeHolcim has successfully implemented the squeeze-out of Lafarge S A. With this, the shares of Lafarge S A are now delisted from Euronext Paris. The completion marks an important and final step in the merger process of the group's legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration.

With the successful squeeze-out, LafargeHolcim Ltd now owns 100% of the share capital and voting rights of Lafarge S A. Following the re-opened offer period, LafargeHolcim Ltd already held 96.41% of the share capital and at least 95.25% of the voting rights of Lafarge S A.

LafargeHolcim had offered the remaining shareholders of Lafarge S A a cash indemnification of Euro60 for each Lafarge S A share (net of costs) or a share indemnification of 9.45 newly-issued LafargeHolcim Ltd shares for 10 Lafarge S A shares. In this context, LafargeHolcim has issued a total of 633,776 registered shares with a nominal value of Euro1.85 each from authorised capital and acquired 10,086,921 shares of Lafarge S A for Euro60 each.

Europe: LafargeHolcim has announced that it will pay Lafarge minority shareholders Euro60/share in a planned squeeze-out. As an alternative, the minority shareholders have the option to receive 9.45 new LafargeHolcim shares per 10 Lafarge shares. The transaction still needs to be approved by France's Financial Markets Authority (AMF). Provided that the regulator approves the process, the squeeze-out will take place in October 2015. Lafarge's shares are then expected to be delisted from Euronext Paris on 23 October 2015.

Europe: LafargeHolcim has decided to initiate a squeeze-out process for all issued and outstanding shares of Lafarge. After surpassing the necessary 95% threshold in the share capital and voting rights and following a decision by the board of directors, LafargeHolcim plans to request that the AMF implement a squeeze-out procedure pursuant to their general regulations for Lafarge shares not tendered to the Public Exchange Offer. LafargeHolcim will publish further details on the squeeze-out upon filing with the AMF.