Vinci Energies secures more than 83% of All for One ahead of offer deadline

Vinci Energies ($DG-EURONEXT) said it had secured 83.56% of All for One ($A1OS) Group’s shares before the end of the acceptance period for its takeover offer. The level exceeds the transaction’s minimum threshold of 75% plus one share. The cash offer is priced at €67.50 per share, giving investors a defined price while the remaining offer process continues.

The update materially advances the proposed acquisition of the German IT-services group, but the secured percentage should not be confused with a final settlement announcement. Acceptance and closing procedures still need to run their course. For Vinci, the purchase would expand its technology-services footprint through Vinci Energies; for All for One shareholders, the immediate development is that the offer has cleared its key ownership threshold ahead of the deadline.

Sources:

• Vinci Energies — offer acceptance update, EQS announcement