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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Orapi | EU:ORAP | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.44 | 6.44 | 6.50 | 6.44 | 6.44 | 6.44 | 700 | 07:27:14 |
From Oct 2019 to Oct 2024
By Carlo Martuscelli
Orange (ORA.FR) said Friday that its subsidiary Network Related Services has made a bid for Business & Decision SA (BND.FR) at a price of 7.93 euros ($9.17) a share.
The French telecommunications company said that the French Financial Markets Authority has approved the offer, which will close on July 19. Orange--which holds a 63% stake in Business & Decision--said that it is looking to buy all outstanding shares of the consulting and systems-integration company.
The deal values Business & Decisions at around EUR62.5 million based on FactSet data, with the outstanding stake worth around EUR23.5 million.
Orange said that if at the end of the offer, other shareholders hold no more than 5% of the capital of Business & Decision, it will request a squeeze-out at the tender offer price of 7.93 euros per share.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
June 29, 2018 03:41 ET (07:41 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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