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Kind of public offer
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Example
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Offer description
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Filing
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See also...
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| Cash and share exchange offer |
Sanofi-Synthelabo / Aventis, April 2004 |
Offer to exchange all ordinary shares, including ordinary shares represented
by American depositary shares, of Aventis, with shares of Sanofi-Synthelabo.
The combination of Sanofi-Synthelabo and Aventis is expected to accelerate
revenue growth and enhance R&D productivity by combining resources. |
|
Vernimmen, Chapter 42 |
| Cash exchange offer |
UCB / Celltech, June 2004 |
UCB, a Belgium pharmaceutical and specialty chemical company, offers to
acquire Celltech Group plc, the leading UK-based biotech company, through
a friendly cash offer. The aim of the operation is to create a biopharmaceutical
leader, with strong R&D capacities and a global platform for product commercialisation. |
|
Vernimmen, Chapter 42 |
| Share exchange offer |
Banco Santander / Abbey, July 2004 |
Abbey and Banco Santander reached agreement on the terms of a recommended
acquisition of Abbey by Banco Santander. The acquisition values the capital
of Abbey at approximately £8.8 billion, a premium of 19% to the last quoted
price. |
|
Vernimmen, Chapter 42 |
| Initial Public Offering (IPO) |
Google, August 2004 |
Google's IPO has been organised through an unusual online auction in a
bid to make its shares more widely available. Googles' owners expected to
raise as much as $2.7 billion from the offering to further develop the firm's
activity, based on the well known Internet search engine. |
|
Vernimmen, Chapter 31 |
| Share buyback |
Marks and Spencer, October 2004 |
Marks and Spencer proposes to repurchase its own ordinary shares up to
a maximum value of £2.3 billion (representing approx. 30% of the ordinary
shares). The aim of the offer is to improve the earnings per share growth
and and increase the leverage. |
|
Vernimmen, Chapter 38 |
| High yield bond issue |
Culligan, September 2004 |
Culligan is a global provider of water treatment products and services
for household and commercial applications. The €185M bond issue has been
motivated by a need of cash following the acquisition of Water Applications
& Systems Corporation. |
|
Vernimmen, Chapter 26 |
| Bond issue |
Galeries Lafayette, December 2003 |
Galeries Lafayette is a French retailer operating in the sectors of fashion
and beauty, food and drink, leisure and the home. The proceeds of the €300M
bonds issue had to be used to maintain the diversification of the Group’s
funding sources and repay existing short-term Group debt. |
|
Vernimmen, Chapter 26 |
| Convertible bond issue |
EMI Group, September 2003 |
Issue of a US$243M 5.25% Guaranteed Convertible Bonds due 2010 of EMI
Group Finance. The proceeds are expected to be used for general corporate
purposes and especially for the repayment of existing debt, part of which
was used to fund certain acquisitions. |
|
Vernimmen, Chapter 30 |
| Capital increase |
Arcelor, June 2004 |
Bonus allocation by Arcelor to all its shareholders of approximately 533M
warrants at a ratio of one Warrant per existing Arcelor Share, five Warrants
entitling the holder thereof to subscribe one new Share of Arcelor at the
price of €11.00 per new share. |
|
Vernimmen, Chapters 31 and 39 |
| Demerger |
Kesa Electricals, July 2003 |
Kingfisher demerged its electricals business. The new Kesa Electricals
plc shares were then separately listed on the London Stock Exchange and
on Euronext Paris. Kingfisher shareholders received one Kesa Electricals
ordinary share for every five Kingfisher ordinary shares. |
|
Vernimmen, Chapter 43 |
Public offer filings