2005
09.03.2005, Snecma;Sagem
Sagem-Snecma merger : successful public share offer
PRESS RELEASE
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.
SAFRAN CONTACT
www.snecma.com | www.sagem.com
Contact Sagem | Hervé Philippe | Tel : 33 1 40 70 62 57 | herve.philippe@sagem.com | Contact Snecma | Jocelyne Terrien | Tel : 33 1 40 60 80 28 | jocelyne.terrien@snecma.fr
PRESS RELEASE
Top of page
SEE MORE
Press releases
- 2013.05.22 | Turbomeca (Safran) and HeliDax are celebrating 50,000 flight hours of the Arrius 2F
- 2013.05.22 | Le Prix Fondation d’entreprise Safran pour la musique est décerné au violoncelliste Victor JULIEN-LAFERRIÈRE (french only)
- 2013.05.22 | Management appointments at Safran
MediaLibrary
Online library with the various activities of Safran, freely available to the public and private access to the professionals.
For more information, see the terms of use.
Site Map
Most viewed pages
-
Flux RSS: Press releases - News
-
Facebook
-
Twitter
- Contacts
- Accessibility
- E-mail Alert
- © 2009 Safran
- Credits
- Legal & Privacy Notices
- Site map
How does it work ?
See how our products work.