Super de Boer has today announced that a bid has been received from Jumbo Groep Holding B.V. (Jumbo) regarding the acquisition of the retailer, including all of its assets and liabilities.
According to a statement, Casino Guichard-Perrachon S.A., which holds around 57 per cent of the shares in Netherlands-based Super de Boer, has backed the offer, and is waiting on the acceptance of the board of management and supervisory board of Super de Boer.
The offer is based on certain assumptions and is subject to customary conditions and procedures, the Dutch retailer said, and represents a value of €4.20 per share, or €480m.
This total is reduced with dividend withholding taxes that in certain circumstances could become payable in respect of the distribution of the purchase price by Super de Boer to certain shareholders.
The retailer's board of management and supervisory board are currently assessing the offer and are in discussion with Jumbo, so cannot currently provide any additional information.
