Tarkett Sommer makes bid to acquire all outstanding Domco Tarkett shares
The offer will be open for acceptance until 11:59 p.m. (Montreal time) on Aug. 8. The takeover bid is subject to customary terms and conditions, although it is not subject to any minimum number of shares tendered pursuant to the offer.
In the event that the minority shareholders of Domco tender 90 percent or more of their common shares, Tarkett Sommer said it intends to acquire the remaining shares pursuant to the provisions of the Canada Business Corporations Act as it relates to compulsory acquisitions.
Alternatively, if the minority shareholders of Domco tender less than 90 percent but more than 50 percent of their common shares, Tarkett Sommer may cause a special meeting of the shareholders of Domco to be called to consider an amalgamation or other transaction enabling Tarkett Sommer or an affiliate to acquire all the common shares not acquired pursuant to the offer.
A complete description of the terms and conditions of the offer is contained in the take-over bid circular available for review at www.sedar.com, the Canadian System for Electronic Document Archival and Retrieval (SEDAR) Web site, under Domco Tarkett Inc.