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BN 04/03 06:03 *KINGFISHER SAYS TOTAL ENTERPRISE VALUE IS AROUND €275M BN 04/03 06:03 *KINGFISHER TO BUY MR BRICOLAGE AT AGREED PRICE/SHR OF EU15 BN 04/03 06:02 *KINGFISHER TO BUY 26.2% OF MR BRICOLAGE FROM TABUR FAMILY BN 04/03 06:02 *KINGFISHER TO BUY 41.9% OF SHR CAPITAL OF BRICOLAGE FROM ANPF BFW 04/03 06:01 *KINGFISHER IN EXCLUSIVE TALKS TO BUY MR BRICOLAGE BN 04/03 06:00 *KINGFISHER KGF EXCLUSIVE TALKS TO BUY MR BRICOLAGE
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Kingfisher Says in Exclusive Talks to Buy Mr Bricolage 2014-04-03 06:08:02.840 GMT
By Cormac Mullen April 3 (Bloomberg) -- Kingfisher says has entered into exclusive negotiations with principal shareholders of Mr Bricolage to acquire their shareholding. * Says would acquire 41.9% of share capital from ANPF, 26.2% from Tabur family at agreed price per share of EU15 * Note Mr Bricolage closed yday at EU13.37 implying ~12% premium * Says overall enterprise value would be ~EU275m including net debt * Says whole process likely to take until end of Kingfisher’s 2014/2015 financial year * Says binding agreement would be entered into depending on outcome of meetings of French operating businesses of Mr Bricolage, Kingfisher with respective works councils
Link to Statement:{NSN N3FY0I3HHEDC <GO>} Link to Company News:{KGF LN <Equity> CN <GO>} Link to Company News:{MRB FP <Equity> CN <GO>}
For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story: Cormac Mullen at +353-1-523-9526 or cmullen9@bloomberg.net