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On a regular basis Petercam assists in the execution of public bids.
This may occur as part of a financial advisory role in an M&A process or as
a separate role.
SELECTED TRANSACTIONS :
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Solvay
Pharmaceuticals, a subsidiary of Solvay, the chemical
and pharmaceutical group launched a voluntary conditional
cash tender offer on the shares of Innogenetics, the
Ghent-based biotechnological company. After a counterbid
launched by Gen-Probe, a US-based competitor, Solvay
increased its offer price eventually launching a successful
offer.
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Petercam
acted as financial advisor to Solvay throughout
the process. Petercam drafted the takeover prospectus
and acted as centralizing agent in the offer. |
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ICOS
Vision Systems is a developer and producer of inspection
equipment, primarily for the semiconductor packaging
and electronics assembly industry. In February 2008,
KLA-Tencor launched a EUR 317 million public takeover
bid on the shares of ICOS Vision Systems. KLA-Tencor
Corporation is a leading supplier of process control
and yield management solutions for the semiconductor
and related microelectronics industries.
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Petercam
acted as receiving agent in the public takeover
bid. The takeover bid was successful and resulted
in the delisting of ICOS Vision Systems. |
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After
having taken control of Werister, a holding company with
assets in residential homes for elderly people, Amantelia
Invest launched a mandatory public offer on Werister.
Amantelia is the holding company owning of Restel, the
largest private operator in Belgium of residential homes
for elderly people.
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Petercam
acted as advisor to Amantelia Invest in the acquisition
of the control of Werister and in the organization
of the public takeover bid. |
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Dossche is a privately owned business, active in the agro-food industry. The group achieved a turnover (2007) of more than €250-million, employing more then 1000 employees located over 12 manufacturing sites in Belgium, France and Poland. One of its Group members, Dossche Mills & Bakery, is currently one of the largest millers in Europe as well as a major manufacturer of bakery ingredients, flour products and derived wheat products. Dossche Mills & Bakery was owned for more than 99% by Dossche Invest. In 2007, Dossche Invest decided to simplify the family structure and to start a squeeze-out procedure of the minority shareholders in Dossche Mills & Bakery.
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Petercam acted as advisor to Dossche Invest NV in the squeeze-out of the minority shareholders of Dossche Mills & Bakery NV. |
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In
the frame of the merger between NYSE and Euronext, a
public takeover bid was organized by NYSE Euronext in
the various countries where Euronext was listed.
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Petercam
acted as sole centralizer in Belgium of the public
takeover bid on Euronext. |
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Shopinvest
acquired exclusive control over SCF, holding company
of retailer E5 Mode, by buying out Sofinim’s stake
and subsequently launched a public takeover bid on the
remaining shares of SCF.
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Petercam
acted as financial advisor to Shopinvest for
the acquisition of the stake held by Sofinim
as well as in the structuring and execution of
the public takeover bid. |
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In
September 2005, Belgacom announced a public tender offer
on all shares of Telindus. Belgacom's approach was initially
rejected by Telindus and in December a counterbid was
announced by France Telecom. After Belgacom made a number
of commitments to Telindus and increased its bid price
to EUR 594 million for 100% of the shares, it successfully
completed the acquisition.
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Petercam
advised Belgacom throughout the acquisition process.
Petercam was responsible for the public tender
offer procedure, drafted the takeover prospectus
and acted as a receiving agent in the offer. |
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