Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
20 March 2014
Deals | France - M&A
Gide has advised Boursorama on the simplified takeover offer (Offre Publique d’Achat Simplifiée, or OPAS) launched by its majority shareholder Société Générale on Boursorama shares. Société Générale and CaixaBank (Caixa Group) respectively hold 55.55% and 20.68% of Boursorama’s share capital. Following agreement with Hodefi and CaixaBank, Société Générale filed the simplified takeover offer project with the French Financial Markets Authority on 18 March 2014. The terms of the OPAS targets those shares neither owned by Société Générale nor CaixaBank, and offers Boursorama shareholders the irrevocable purchase of all their shares at an offer price of €12 each. The OPAS will be followed by a mandatory squeeze-out procedure should minority shareholders, excluding Caixa Group, hold less than 5% of Boursorama's share capital and voting rights following the tender offer.
Legal counsel to Boursorama: Guillaume Rougier-Brierre and Antoine Tézenas du Montcel (partners) and Fanny Esnée (associate)
