Tarkett Sees AMF Approval for Squeeze-Out Offer
Deal News | Jun 06, 2025 | Globenewswire
The Autorité des marchés financiers (AMF) has given its approval for the public buyout offer followed by a squeeze-out submitted by Tarkett Participation concerning the shares of Tarkett. The offer was executed at 17 euros per share, reflecting a significant premium of 40.6% and 46.1% over the weighted average share prices prior to the announcement of the offer on February 20, 2025. The AMF's green light on June 5, 2025, signals compliance with regulations, and all necessary documents have been filed and made publicly available by June 6, 2025. The deal involves a comprehensive review, including opinions from the Ad Hoc Committee and an independent expert, Finexsi, as well as Tarkett's Supervisory Board. Following the buyout offer, a squeeze-out procedure will be enacted to acquire all remaining shares not tendered. Tarkett Participation aims to consolidate its holdings by leveraging this favourable pricing, encouraging shareholders to tender shares, while ensuring minority stakeholders are duly compensated. The arrangement benefits from investor-friendly conditions and detailed strategic alignment recommendations.
Sectors
- Financial Services
- Manufacturing
Geography
- France – The article predominantly concerns French financial regulations, a French company, and involves the Autorité des marchés financiers, which is based in France.
Industry
- Financial Services – The activity involves financial transactions, regulatory approval by financial authorities, and share buy-out agreements, all integral to Financial Services.
- Manufacturing – As Tarkett is a leader in floor and sports surface solutions, the manufacturing of these products is central to its operations, impacting the takeover proceedings.
Financials
- 17 euros per share – The offer price for each share of Tarkett, representing a premium over prior trading averages.
- 3.3 billion euros – Tarkett's sales revenue for 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tarkett | Target Company | Company | Tarkett is the company whose shares are subject to the buyout offer. |
| Tarkett Participation | Bidding Company/Buyer | Company | Tarkett Participation is the entity proposing the public buyout offer and squeeze-out of Tarkett shares. |
| Autorité des marchés financiers (AMF) | Regulatory Authority | Government | The AMF is the French financial regulatory body that approved the buyout and squeeze-out offer. |
| Finexsi | Independent Expert | Company | Finexsi provided a fairness opinion on the offer's financial terms. |