Baron de Ley attracts EUR 109 per share takeover offer from Mazuelo
21 NOV 2018
Baron de Ley [BME:BDL], a Spanish winery, on 20 November announced that Mazuelo Holding, an investment society, had acquired a 49.6% stake in the company and launched a full takeover offer at EUR 109 per share.
What follows is a brief summary and a free translation of the Spanish-language stock exchange announcement.
Mazuelo Holdings informed that today, 20 November, it has acquired 40,790 shares of Barón de Ley, including 224 shares priced at EUR 108.50 euros per share and 40,566 shares priced at 109 euros per share.
As a result of the acquisitions, Mazuelo has reached a stake in Barón de Ley equivalent to 49.60% of its share capital and 50.17% of its voting rights, excluding treasury stock. As such, it has exceeded the threshold established by law for a compulsory takeover offer.
Mazuelo has decided to formulate an offer and has signed Caixabank today the appropriate financing contracts that guarantee the necessary financing for the takeover bid.
Mazuelo plans to promote a public offering without delisting.
The price per share of Barón de Ley share to be offered will be EUR 109 per share, subject to prior approval by the stock market regulator CNMV.
As a result of the acquisitions, Mazuelo has reached a stake in Barón de Ley equivalent to 49.60% of its share capital and 50.17% of its voting rights, excluding treasury stock. As such, it has exceeded the threshold established by law for a compulsory takeover offer.
Mazuelo has decided to formulate an offer and has signed Caixabank today the appropriate financing contracts that guarantee the necessary financing for the takeover bid.
Mazuelo plans to promote a public offering without delisting.
The price per share of Barón de Ley share to be offered will be EUR 109 per share, subject to prior approval by the stock market regulator CNMV.
Baron de Ley's market capitalisation stands at EUR 442m.
Link to original source (Register number: 271732 and 271733).