Tarkett Eyes Complete Delisting with Public Buyout Offer

The press release discusses a proposed mandatory buyout offer followed by a compulsory withdrawal for Tarkett shares. Tarkett Participation, the initiator, is offering to acquire all Tarkett shares at 16 euros each. The offer, guaranteed and prepared by several financial institutions, including Rothschild & Co and Portzamparc BNP Paribas, will only commence after approval by the French financial markets authority, AMF. Tarkett, a global leader in innovative flooring and sports surface solutions, aims to delist from Euronext Paris, enhancing operational simplicity and reducing regulatory burdens. The buyout offer, following a previous simplified takeover in 2021, aims to acquire all remaining shares not held by Tarkett Participation, marking its full consolidation with a minority tag-along. This move seeks to eliminate the liquidity constraints posed by the current stock listing.