Portzamparc BNP Paribas advised on the Squeeze-out Offer on Tarkett
Portzamparc BNP Paribas advised Tarkett Participation, holding company controlled by the Deconinck family, on its squeeze-out offer on Tarkett (https://www.tarkett.com/), a French company specialized in innovative flooring and sports surface solutions.
Portzamparc BNP Paribas acted as Joint Presenting Bank and Guarantor, and Sole Deal Broker of the transaction.
👉 Details of the transaction:
The offer was filed at a price of €17 per share, representing a 25.5% premium over the last closing price before the announcement.
Tarkett valuation at offer price amounted to c.€1.1Bn.
The offer concerned 6.29m shares, representing 9.6% of Tarkett’s share capital.
At the end of the offer, Tarkett Participation announced holding 98.70% of share capital and 99.29% of voting rights.
The squeeze-out has been implemented on December 2023.
