Ramirent shareholders approve Loxam takeover
Loxam’s offer to acquire Ramirent shares has reached a 96 percent take up following its closure today, allowing it to launch a compulsory purchase order for the remaining four percent.
The results are preliminary but clearly exceed the minimum 90 percent take up level set by Loxam when it launched the bid, as the point where it would proceed with the acquisition of the company.
Loxam says that it will confirm the final results of the Tender Offer next week.
See Loxam bids for Ramirent