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ODDO BHF Corporate Finance accompanies Keyyo
The ODDO BHF Corporate Finance team supports Keyyo in the exclusive negotiations with Bouygues Telecom.
Bouygues Telecom announced yesterday, on October 25, that it has opened exclusive negotiations with a view to acquiring the equity interests in Keyyo directly or indirectly held by Philippe Houdouin, Silvère Baudouin, Christophe Sollet, Michel Picot, Eric Saiz, Dominique Roche and Financière Arbevel, together representing 854,316 Keyyo shares and a 43.6% interest in that company, in an off-market block trade priced at €34 per share.
If the block trade is completed, Bouygues Telecom is to file a voluntary public tender offer at an identical price of €34 per share for all of the outstanding Keyyo shares not held by Bouygues Telecom. If the threshold for a squeeze-out has been passed when the public tender offer closes, Bouygues Telecom is to seek to implement a squeeze-out procedure for the remaining Keyyo shares.
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