Vilmorin & Cie has announced that Limagrain, its reference shareholder, intends to launch a simplified tender offer (OPAS) for Vilmorin shares, with a view to a delisting that will enable the seeds group to "take a long-term view".

Moreover, given Vilmorin & Cie's current shareholder structure and low trading volume, listing is of little use to the company, which has not called on the market since 2010", he explains.

The offer, at a price of 62.60 euros per share, represents a premium of 45.4% to the last closing price and 36.5% to the volume-weighted average price over the last 60 trading days.

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