(News Bulletin 247) – Teleperformance announced on Friday the launch of its takeover bid to acquire the Luxembourg group Majorel, a transaction that it had initially unveiled last April.
The takeover bid, which will be carried out via the buyback of all the shares in circulation at a price of 30 euros per share, represents a cash transaction valued at around three billion euros.
But Majorel shareholders will also have the option of receiving Teleperformance shares, based on an exchange ratio of 30 Teleperformance shares for 217 shares held.
The French group announced at the end of April that it wanted to take control of this customer experience management specialist, previously owned by the German Bertelsmann and the Moroccan Saham.
The period for accepting the offer should run from August 14 to October 20, with a view to finalizing the acquisition during the fourth quarter.
The Teleperformance title lost 0.4% on Friday in the first exchanges, while the Majorel share listed on the Amsterdam Stock Exchange took 1.4% to approach, at nearly 29.5 euros, the price offered by the acquirer.
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