April 7, 2014
Kingfisher wants to buy French rival, Mr Bricolage
Kingfisher, the DIY chain with operations in the UK and France, is in talks to acquire Mr Bricolage, a French rival, for €275m, including debt. Under the terms of the proposed transaction, Kingfisher would acquire 41.9% of the share capital of Mr Bricolage from ANPF (which is held by franchisees) and 26.2% from the Tabur Family at an agreed price per share of €15. Subsequently, a mandatory offer to acquire the shares held by the minority shareholders at the same price, in accordance with applicable law, would be filed. At ...
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