Bolloré: ex-Rivaud take out offers are not compliant!

A great decision by the AMF which protects the interests of minority shareholders!

Thursday night the AMF (french regulator) declared the alternative public withdrawal offer project targeting Financière Moncey, Compagnie du Cambodge and Société Industrielle et Financière de l’Artois as non-compliant.

This is a historical decision as it shows that the AMF is showing a change of approach concerning take out offers. They are no longer validating systematically offers and are looking in detail at all the arguments which minority shareholders put forward. Especially as the minority shareholderss show their knowledge and give an in depth and thorough analysis of a company.