Total to acquire battery-maker Saft in US$1.1-billion deal
Green Car Congress
MAY 9, 2016
The proposed offer will target all of Saft’s issued and outstanding shares at a price of €36.50 The offer price represents a 38.3% premium above Saft’s closing share price of €26.40 on 6 May 2016; a premium of 41.9% above the volume weighted average share price over the past six months; and a premium of 24.2%
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