Suez SA said it opposes an offer by French resource-management company Veolia Environnement SA for the shares of the waste-and-water-treatment company it doesn't already own.
Veolia said late Sunday that it had filed a tender offer for the entire share capital in Suez of 18 euros ($21.69) a share, the same price it paid for an initial 29.9% stake in Suez from energy company Engie SA last year.
However, Suez said the offer is illegal amid continuing legal engagements. "Suez will assert all it rights in order to oppose this hostile move by Veolia, and against an illegal public tender offer," the company said.
Veolia said its offer is accompanied by guarantees made at the time of the initial stake acquisition, including the maintenance of employment and social benefits in France. The offer is no longer subject to approval by Suez's board of directors, Veolia said.
"company" - Google News
February 08, 2021 at 01:35PM
https://ift.tt/2Ohc6Yt
Suez opposes Veolia's tender offer for the company - MarketWatch
"company" - Google News
https://ift.tt/33ZInFA
https://ift.tt/3fk35XJ
Bagikan Berita Ini
0 Response to "Suez opposes Veolia's tender offer for the company - MarketWatch"
Post a Comment