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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eiffage | EU:FGR | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.20 | 2.41% | 93.60 | 93.02 | 93.98 | 94.16 | 91.60 | 91.60 | 196,815 | 16:40:00 |
From Jul 2019 to Jul 2024
By Pietro Lombardi
France's construction-and infrastructure company Vinci SA and civil-engineering company Eiffage SA are in talks to launch a tender offer of 23 euros ($26.98) for each share in tunnel operator Societe Marseillaise du Tunnel Prado Carenage SA that they don't already own.
The companies said late Wednesday that they want to launch a simplified tender offer, followed by a squeeze-out. Vinci currently has a 33.3% stake in the company, while Eiffage controls 32.9% of it.
The EUR23-a-share offer would represent a premium of more than 30% over Wednesday's closing price. After the offer, the companies would have equal holdings in the tunnel operator.
Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10
(END) Dow Jones Newswires
April 01, 2021 01:51 ET (05:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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