going private transactions in going private transactions in france

2) A prior buyout offer?
Principle: the merger can be carried out autonomously,
without requiring a prior buyout offer.
EException: i the h requirement i of f a prior i bbuyout offer: ff
Originally, under limited conditions:
1) merger of the issuer into its controlling company;
and 2) such acquisition is likely to affect the rights and interests of
minority i it shareholders.
h h ld
Extension of scope to all sorts of mergers by the Law of August 4,
2008 2008.
Interpretation: legislative mismatch? or foreseeable rectification?
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