JCDecaux SA (Euronext Paris: DEC), number one outdoor advertising company worldwide, announced a simplified takeover bid submission on 12,500,000 of its own shares, representing 5.57% of the capital (to April, 30th 2015), price of €40 per share, i.e. a total amount of €500 million.
JCDecaux generated a turnover of €2.8 billion and employs 11,900 people.
The JCDecaux Supervisory Board gave a positive opinion on this simplified takeover bid.
The Board gave its opinion based particularly on the FINEXSI’ report, acting as an Independent appraiser and based on the multi-criteria assessment set on, who concluded the fairness of the offered price in the framework of the simplified takeover bid.
The terms and conditions of the simplified takeover bid are subject to the AMF approval.