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.