Tender Offer Project
EB Development obtains a significant majority of the capital with 88.9% held at the end of the Reopened Offer to continue its development with NextStage AM and IK Partners
Eurobio Scientific and EB Development announce thefinal outcome of the takeover bid initiated by EB Development (the "Offer"), based on the results published on 18 December by the Autorité des marchés financiers (AMF) at the end of the reopening period of the Offer (the "Reopened Offer").
644,911 ordinary shares were tendered to the Reopened Offer, which closed on 17 December 2024. These are in addition to the 4,582,971 ordinary shares tendered to the Initial Offer, giving a total of 5,227,882 ordinary shares tendered to the Offer, enabling EB Development, acting in conjunction with funds managed by NextStage AM and IK Partners, and Mr. Denis Fortier, Chairman and CEO, and other members of the Board of Directors and senior management of the Company , to hold, after assimilation of the treasury shares held by Eurobio Scientific (the "Company"), 9,113,592 shares representing 88.92% of the share capital and voting rights of the Company.
As the percentage of share capital and voting rights attained following the Reopened Offer is below the 90% threshold allowing the implementation of a squeeze-out procedure, the additional price of €1.25 per share will not be paid. Settlement and delivery will take place on 23 December 2024.
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IMPORTANT DISCLAIMER
You are attempting to enter a page of this website dedicated to documents and information relating to the agreement entered into by IK Partners with EurobioNext SAS and corporate officers of Eurobio Scientific S.A. concerning their investment in EB Development SAS and the proposed public tender offer by EB Development SAS (the “Offeror”) for the shares of Eurobio Scientific S.A. (the “Offer”).
The Offer is being made exclusively in France and the documents and information relating to the Offer contained on this page of the website is not for release, publication or distribution, directly or indirectly, in or into the United States of America or any other jurisdiction in which the Offer is illegal or subject to the fulfilment of specific procedures or formalities (a “restricted jurisdiction”) or to any person to whom the Offer could not validly be made, and access to such documents and information (and any transaction to which they relate) may be restricted by applicable laws in the relevant jurisdictions.
No Offer is being made, directly or indirectly, in the United States or to persons residing in the United States or to U.S. Persons (each a “U.S. Person”) as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and no acceptance of the Offer may come from the United States. The Offeror does not intend to register all or any portion of the Offer in the United States or to conduct any public offering in the United States. As a result, the documents and information relating to the Offer do not constitute an offer to buy or sell or the solicitation of an order to buy or sell any securities in the United States or to any U.S. person (as defined in Regulation S under the Securities Act) and no document relating to the Offer may be sent by mail, circulated or distributed by any means of telecommunication or instrumentality of interstate commerce in the United States, in any manner (including, without limitation, by e-mail, regular mail, fax or telephone) or any means of any facility of a national securities exchange or otherwise. Authorized financial intermediaries may not accept tender orders that were not effected in compliance with the above requirements and any acceptance of the Offer that may result in a violation of these restrictions and representations will be deemed null and void.
Access to this page of the website may be restricted under securities laws in certain jurisdictions (including the United States of America). This notice requires you to confirm certain matters (including that you are not resident in such a jurisdiction), before you may obtain access to the documents and information relating to the Offer contained on this page of the website. All persons who wish to view this page of the website must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so and should inform themselves of, and observe, any legal or regulatory requirements applicable in their jurisdiction. Making information relating to the Offer available in electronic format on this page of the website is not intended to and does not constitute an offer and should not be construed as constituting any form of solicitation for the purchase or sale of securities in any jurisdiction, including in France.
Please note that, in the context of the Offer, the documents and information relating to the Offer contained on this page of the website as well as the terms of this disclaimer may be altered or updated. You should read the full text of this disclaimer each time you visit this page of the website, the content of which may be amended at any time in whole or in part at Eurobio Scientific S.A.’ sole discretion.
You should not forward, transmit, broadcast or show the information or documents contained in this page of the website to any person or to any jurisdiction where it would be unlawful to do so. Non-compliance with the legal restrictions may constitute a breach of the laws and regulations applicable to securities transactions in one of these countries and Eurobio Scientific S.A. denies all liability in the event of any breach of the applicable legal restrictions by any person. It is your responsibility to ensure that you comply with all applicable laws and regulations. If you have any doubt as to whether you are in compliance, we recommend that you do not continue to try to access this page of our website.
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