July 18, 2023
Willkie represented Vilmorin & Cie, one of the world’s leading seed companies, in connection with French agricultural cooperative Limagrain’s simplified public tender offer for the shares of Vilmorin & Cie, a transaction that values the company at €1.43 billion.
Limagrain launched the simplified public tender offer on June 22 to acquire the 28.78% of the Vilmorin & Cie shares that it did not already own at €62.60 per share, representing a premium of 45.4%. Limagrain sought to delist Vilmorin & Cie in order to facilitate long-term investment decisions in a highly competitive seed industry and an uncertain economic environment.
Vilmorin & Cie’s board of directors unanimously recommended the offer to shareholders. On July 18, Vilmorin & Cie announced that Limagrain successfully crossed the threshold of 90% of Vilmorin & Cie's capital and voting rights, enabling the implementation of the mandatory withdrawal of Vilmorin & Cie from the stock market.
The Willkie team was led by partners Fabrice Veverka and Eduardo J. Fernandez and included associate Victor Cann.
Limagrain launched the simplified public tender offer on June 22 to acquire the 28.78% of the Vilmorin & Cie shares that it did not already own at €62.60 per share, representing a premium of 45.4%. Limagrain sought to delist Vilmorin & Cie in order to facilitate long-term investment decisions in a highly competitive seed industry and an uncertain economic environment.
Vilmorin & Cie’s board of directors unanimously recommended the offer to shareholders. On July 18, Vilmorin & Cie announced that Limagrain successfully crossed the threshold of 90% of Vilmorin & Cie's capital and voting rights, enabling the implementation of the mandatory withdrawal of Vilmorin & Cie from the stock market.
The Willkie team was led by partners Fabrice Veverka and Eduardo J. Fernandez and included associate Victor Cann.
