Atos to initiate buyout offer followed by a squeeze-out on Bull's shares
2 Oct 2014 Paris -
Following the settlement and delivery of the reopened friendly tender offer on Bull's shares at 4.90 euro per share and at 5.55 euro per OCEANEs - bonds convertible and/or exchangeable into new or existing shares, and the acquisitions of shares made at the same price after the announcement of the result of such offer, Atos has crossed upwards the 95% threshold of the share capital and voting rights of Bull and now holds 116,993,469 shares representing 95.56% of the share capital and voting rights of Bull and holds 11,871 Bull's OCEANEs, representing 20.25% of outstanding Bull's OCEANEs.
In order to quickly proceed with the full integration of Bull, Atos has decided to initiate a buyout offer followed by a squeeze-out on Bull's remaining shares and OCEANEs, at the same price, i.e. at 4.90 euro per share and at 5.55 euro per OCEANEs ("the Offer").
In accordance with applicable regulation, the firm Ricol Lasteyrie has been appointed as an independent expert to assess financial conditions of the Offer and to deliver a fairness opinion.
The Offer document jointly prepared by Atos and Bull will be filed with the AMF within the coming weeks.