Total to acquire battery-maker Saft in US$1.1-billion deal
Green Car Congress
MAY 9, 2016
France-based energy major Total has filed a friendly tender offer on all of the issued and outstanding shares in the capital of advanced battery maker Saft with the French Financial Markets Authority (Autorité des Marchés Financiers, AMF). The proposed offer will target all of Saft’s issued and outstanding shares at a price of €36.50 per share, ex-dividend of €0.85 per share, valuing Saft’s equity at €950 million (US$1.1 billion).
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