going private transactions in going private transactions in france

Voluntary delisting resulting from the issuer ceasing
to exist
1) Through merger rather than simple voluntary dissolution.
Infrequent in practice:
2002 2003 2004 2005 2006 2007 2008
8 3 9 6 2 14 4
i.e. on average, less than 10% of all delistings.
Modus operandi:
1) ) Exchange g for shares merger g
All mergers in France take the form of an exchange
for shares merger g ( (expression p of ggeneral pprotection
of
shareholders against expropriation measures).
26