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ORA Orange.

10.425
-0.05 (-0.48%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Orange. EU:ORA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.48% 10.425 10.41 10.51 10.48 10.385 10.47 8,435,067 16:40:00

Orange Looks to Buy Remaining Shares in Business & Decision SA

12/02/2020 8:42am

Dow Jones News


Orange (EU:ORA)
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From May 2019 to May 2024

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   By Mauro Orru 
 

Orange said Wednesday that it would file a buy-out offer for the remaining shares of consultancy Business & Decision SA through its subsidiary Orange Business Services SA.

The subsidiary of the French telecommunications company currently holds 93.62% of Business & Decision's share capital and 93.42% of voting rights.

Orange said it would file the offer at a price of 7.93 euros ($8.65) per share to the French financial regulator AMF, followed by a mandatory squeeze-out--a mechanism triggered by a majority shareholder urging minority shareholders to sell their stakes in a company--by the end of February.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

February 12, 2020 03:27 ET (08:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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