going private transactions in going private transactions in france

PUBLIC TO PUBLIC TRANSACTIONS
42
Overview of “Public to Private” Transactions in France since 2000
P2P not involving financial buyers
Announcement
Date
Target Acquiror
Target
Value (m€)
% held by the
main
shareholder (2)
% secured
before the
operation (4)
Nature
% held after
the operation
Public Offer
Spot
Premium
Premium
(Announceme
nt - 1 month)
APPENDIX
Premium
(Announceme
nt -3 months)
20/09/2005 SOAEO Air Liquide 1719,8 86,8% 86,8% OPS 98,2% 10,0% 11,0% 15,0%
22/03/2005 Ski Skis Rossignol R i l Qikil Quicksilver 236 236,55 44 44,5% 5% 38 38,3% 3% OPA 95 95,3% 3% 06% 0,6% 70% 7,0% 11 11,1% 1%
05/04/2005 Liberty Surf Telecom Italia 261,7 94,9% 94,9% Gar. Cours 98,0% -2,8% 0,2% 8,1%
29/03/2005 Galeries Lafayette Semad 3144,5 31,6% 29,5% OPAS 96,5% -2,8% 7,2% 10,9%
14/01/2005 Marionnaud Parfumeries AS Watson 407,8 19,8% 28,7% OPA 94,9% 37,1% 35,8% 24,2%
25/11/2004 Teisseire France Fruité Entreprises 89,4 61,9% 83,3% OPAS 97,7% 8,3% 17,0% 6,1%
24/11/2004 European Cargo Services World Cargo Services 88,1 80,8% 95,3% Gar. Cours 99,4% 16,7% 21,1% 12,1% (4)
19/11/2004 Crometal Norinco Holdings SAS 113,7 62,0% 81,1% Gar. Cours >95% (5) 28,6% 39,9% 28,3%
16/11/2004 OPTIMS Amadeus 31,2 30,0% 65,0% OPAS 96,1% 25,0% 35,0% 33,0%
12/08/2004 Norcan Lambla & Hannes 15,6 71,3% 71,3% OPRA 96,8% 20,5% 19,7% 20,0%
08/06/2004 Staci Main shareholder 42,5 77,6% 0,0% OPAS 95,9% 1,7% 2,6% 3,9%
01/03/2004 Consodata Axciom European Holdings Ltd 152,4 98,6% 98,6% OPAS 99,4% 9,0% 5,2% -19,8%
19/01/2004 Righini Main shareholder 8,2 91,4% 0,0% OPAS 99,3% 55,0% 62,6% 66,4%
11/09/2003 Brioche Pasquier Main shareholder 364,6 57,0% 0,0 OPRA 84,0% 6,1% 15,3% 19,8%
24/06/2003 SERF Main shareholder 6,0 91,4% 0,0% OPAS 97,8% 100,0% 106,2% 129,9%
16/06/2003 BOISSET Main shareholder 52,0 89,1% 0,0% OPAS 97,1% 146,0% 120,0% 105,8%
20/05/2003 NAF NAF Main shareholder 134,7 73,8% 0,0% OPRA 96,2% 18,9% 23,1% 25,7%
05/05/2003 Ubi Ubiqus Mi Main shareholder h hld 34 34,88 63 63,0% 0% 00% 0,0% OPRA 93 93,4% 4% 35 35,5% 5% 16 16,7% 7% 13 13,5% 5%
12/01/2003 AB Groupe Main shareholder 303,9 84,1% 0,0% OPRA 99,7% 62,2% 43,7% 41,2%
14/01/2003 Ferrand et Renaud FAB 10,8 50,1% 0,0% OPAS 86,7% 47,3% 47,8% 47,3%
26/11/2002 Cornéal Laboratoires Financière Helios 22,9 73,7% 73,2% OPAS 93,7% 48,7% 38,3% 6,1%
05/06/2002 Groupe Zannier Financière Zannier 466,2 55,7% 0,0% OPAS 99,2% 8,8% 9,1% 20,3%
20/12/2001 IMV Technologies Dirigeants & Fonds 42,2 62,8% 0,0% OPRA 99,7% 9,7% 10,5% 17,3%
13/12/2001 Waterair Groupac SA 33,2 80,9% 0,0% OPAS 99,3% 41,5% 55,3% 38,2%
29/11/2001 Fragrantia Holding M H. ASSOUS 3,9 85,3% 0,0% OPAS 97,9% 9,2% 153,0% 102,1%
17/01/2001 PPochet h AActionnaire i i maj. j 389 389,88 57 57,0% 0% 00% 0,0% OPRA/OPA 94 94,6% 6% 25 25,0% 0% 35 35,0% 0% 51 51,0% 0%
03/10/2000 Dal'Alu Dal'System 29,4 87,6% 0,0% OPAS 98,2% 34,4% 26,4% 26,3%
Ajusted Average (2)
(1) Operations realized after the main offer at the same price and the same premium as compared to the share price before the first offer
(2) excl. operations on Liberty Surf, Righini, Serf et Boisset
(4) Premium announcement - 6 months
(3) incl. incl Treasury Shares
(5) Voting rights > 95%
OPRA are in grey
69,0% 31,3% 96,3% 29,6% 35,7% 32,8%
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