GROUPE CASINO OFFERS TO PURCHASE ALL OUTSTANDING ORDINARY SHARES OF CNOVA N. Paris, December 27, 2016, CET - Casino, Guichard-Perrachon S. ("Casino") today announced that it has commenced an offer to acquire for cash all outstanding ordinary shares of Cnova, nominal value €0.05 per share ("Cnova ordinary shares"), in the United States (the "U.
Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.
Offer, Casino is offering to acquire all outstanding Cnova ordinary shares held by holders of Cnova ordinary shares resident in the United States ("U. holders") for $5.50 per share, net to the holder in cash, without interest, less any applicable withholding taxes (the "U. The forward-looking statements contained in this press release are made only as of the date hereof.
It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement.
Casino has filed a concurrent offer in France with the French Autorité des marches financiers (AMF) (the "French Offer" and, together with the U. The Group operates in a competitive and rapidly changing environment.
Offer is being made pursuant and subject to the terms contained in the offer to purchase (the "Offer to Purchase") and related letter of transmittal (the "Letter of Transmittal"), to be filed by Casino with the U. Securities Exchange Commission (the "SEC") later today as exhibits to a tender offer statement on Schedule TO. The price to be paid pursuant to the French Offer will be an equivalent amount in euros calculated using the WM/Reuters spot exchange rate for euros per U. Information relating to the French Offer is available on the website of the AMF ( Casino ( and Cnova ( These statements are based on data, assumptions and estimates that the Group believes are reasonable.
Paris time on the first French business day following expiration of the French Offer. Offer may only be accepted by and is solely open to U. This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data.