Tarkett Sommer announces intended acquisition of all outstanding Domco Tarkett common shares

Tarkett Sommer has announced its intention to make an offer to the shareholders of Domco Tarkett to acquire all the outstanding common shares of Domco Tarkett not already owned by Tarkett Sommer and its affiliates, at a price per share of $7.50 payable in cash, for an aggregate consideration of approximately $49 million based on the current total outstanding shares.

The offer will be made to enable Domco Tarkett to become a privately-held company and will provide liquidity to the minority shareholders for all their investment at a substantial premium.