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Sagem-Snecma merger : successful public share offer
Paris, March 9, 2005 – The planned merger between Sagem and Snecma has just taken a decisive step with the official publication of the results of Sagem’s public offer for Snecma shares. This offer was a major success, since the number of Snecma shares involved represents more than 83% of the capital and 94.4% of the shares which could be tendered (given the shares retained by the French government to satisfy its commitments, and the shares retained by French employees in their company investment plans).
The Sagem Executive Board met today, expressing its satisfaction with the success of the offer. In application of the decision by the Annual General Meeting of Shareholders last December 20, the Board proceeded to issue 187,774,170 new shares in payment for the Snecma shares tendered to the offer.
The share capital of Sagem SA now comprises 365,274,170 shares and 73,054,834 euros. The new shares will be delivered on March 17, and the advance dividend payment of 0.10 euro per share will be paid on March 18.
The corporate management teams of Sagem and Snecma are both delighted with the success of this public share offer, a critical step in the merger of these two high-tech groups, leading to the legal merger in several weeks.
Contact Sagem | Hervé Philippe | Tel : 33 1 40 70 62 57 | email@example.com | Contact Snecma | Jocelyne Terrien | Tel : 33 1 40 60 80 28 | firstname.lastname@example.org
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