PARIS (dpa-AFX) - French media group Lagardere SCA (LGDDF.PK) Tuesday increased its public contractual all-cash offer to purchase LeGuide.com, an online shopping guide on the European market, to 28 euros per share from 24 euros per share.
It was on May 7 that Lagardère, on behalf of its division Lagardère Active, said it was launching the 24 euros per share offer to purchase the shares of LeGuide.com. This offer represented a premium of 20.5 percent on LeGuide.com's closing stock price on May 4, the last trading day prior to the announcement.
Lagardère said today that this 'ultimate offer' is open during five trading days from June 6 to June 12. It takes into account the additional information published by LeGuide.com after the announcement of the Lagardère group's offer. The revised offer represents a premium of 41 percent on LeGuide.com's closing stock price on May 4.
The current offer completely reflects the company's fair value and its growth prospects and margins together with the potential development of its audience, Lagardere said.
Lagardère expects the deal to expand the portfolio of the digital activities of Lagardère Active with the division increasing its growth prospects in the Digital segment.
The public contractual offer is presented by Natixis.
The stock fell 0.16 percent to close at 18.71 euros on Monday on a volume of 350,755 shares.
Copyright RTT News/dpa-AFX