According to a filing last Friday with French markets regulator AMF (Autorité des Marchés Financiers), €55.50 will be offered, per share, for the 15.2 million shares (37.26 % of the capital) not controlled by the family. Courtin-Clarins stated that the offer will run from July 18 to September 5. Clarins shares are expected to resume trading the week of July 7.
Clarins Intends to Go Private
Jul 2, 2008 | Contact Author | By: Jeff Falk
Clarins confirmed its intention to go private at a press conference held in Paris on July 2. The company requested the suspension of its shares on the French stock exchange on July 1. According to reports, the Courtin-Clarins family, which owns 64.9% of the equity, plans to buy out the minority shareholders’ collective interests and then delist from the stock exchange.
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