Rallye To file a tender offer for Groupe GO Sport’s shares (ticker GSP.FR)
Rallye (Paris:RAL) informed Groupe GO Sport of its intention to soon file a project of simplified tender offer for Groupe GO Sports shares at a price of €9.10 per share, followed, provided that the conditions are met, by a squeeze-out. This price will be subject to review by the independent expert appointed by Groupe GO Sport and the French Financial Markets Authority (AMF).
The Board of Directors of Groupe GO Sport, who met today for this purpose, unanimously decided to appoint, in accordance with articles 261-1 I 1and II of the general regulations of the French Financial Markets Authority, Farthouat Finance, represented by Marie-Ange Farthouat, as the independent expert responsible for preparing a report on the simplified tender offers financial conditions and, if appropriate, on the squeeze-out.
The Board of Directors of Groupe GO Sport will issue a reasoned opinion about the terms and conditions of the project of simplified tender offer, once the Board has reviewed the independent experts report and the relating documentation.
