Business News
French Antitrust Authority clears Axel Springers public tender offer on SeLoger.com
Monday 08. November 2010 - On November 3, 2010, the French Antitrust Authority unconditionally authorized the public tender offer of Axel Springer to acquire all the shares of the real estate online portal SeLoger.com. The offer remains subject to approval by the French Securities Regulator (Autorité des marchés financiers).
On September 28, 2010, Axel Springer filed with the Autorité des marchés financiers a public tender offer for all outstanding shares of SeLoger.com at a price of EUR 34 per share, following the acquisition on September 15, 2010 of a 12.4 percent stake in SeLoger.com at the same price from a group of shareholders, including the founders Amal Amar and Denys Chalumeau as well as other members of the supervisory board and the management board.