Tarkett Acquisition Strategy: Public Buyout Offer Announced

Tarkett Participation, the controlling shareholder of Tarkett, has announced its intention to launch a public buyout offer followed by a mandatory squeeze-out for the shares it does not currently own. The offer price is set at €16 per share, representing a premium of 32.3% and 37.5% over the 20 and 60-day volume-weighted stock market averages, respectively. Tarkett Participation holds 90.32% of Tarkett's share capital and 94.66% of the voting rights. This offer is part of a strategic move to consolidate ownership and streamline corporate governance. Tarkett Participation is supported by its minority shareholder, Wendel, and independent financial expert Finexsi has been appointed to ensure fairness in the offer conditions. The offer is expected to begin shortly, subject to regulatory approval from the French financial market regulator, AMF. Upon completion, Tarkett Participation plans a mandatory squeeze-out, compelling remaining shareholders to sell their shares at the offer price. The entire process demonstrates a significant restructuring effort for this leader in innovative and sustainable flooring solutions, reflecting its commitment to shareholders' value and long-term strategy.