Tarkett Sommer seeks to acquire outstanding Domco Tarkett stock
There are approximately 25.4 million shares of Domco Tarkett outstanding of which Tarkett Sommer indirectly holds 18.9 million shares, or 74.5 percent of the total. If all shares subject to the offer are tendered, Tarkett Sommer will indirectly hold 100 percent of the outstanding shares of Domco Tarkett.
Tarkett Sommer will make its offer by way of an all-cash takeover bid to be governed by applicable securities laws. The offer circular is expected to be mailed to all registered shareholders of Domco Tarkett as soon as possible after the formal valuation of Domco Tarkett has been completed and made available to Tarkett Sommer by Domco Tarkett's board of directors.