The Calida group has published a formal offer to buy all the shares it doesn’t own yet in the Lafuma group, with a squeeze-out provision for the minority shares that are not be tendered. The offer follows the previously reported favorable opinion expressed by Lafuma’s board of directors and the approval of the transaction by the watchdog of the Euronext stock exchange. Calida already owns 93.5 percent of the shares. It has confirmed a purchase price of €17.99 per share for the remaining equity. The price values the Lafuma group at €127.9 million.
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