European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Despature Family/Somfy: Lowball Simplified Takeout, Timetable

Event-Driven

<ul>
<li>Shareholders caved in, the Despatures now hold 94.38% of SOMFY's share capital and 96.31% of voting rights. They asked the AMF for the launch of a squeeze‐out procedure (9 February).</li>
<li>SOMFY will be delisted from Euronext Paris on 9 February. Following the squeeze-out, SOMFY intends to distribute an extraordinary dividend up to €620 million </li>
<li>The total cost for the family is c. €1,285 million (plus investment banking and legal fees). Nearly half of that will be covered by a €620 million extraordinary dividend. Cool.</li>
</ul>


Shareholders caved in, the Despatures now hold 94.38% of SOMFY's share capital and 96.31% of voting rights. They asked the AMF for the launch of a squeeze‐out procedure (9 February).
SOMFY will be delisted from Euronext Paris on 9 February. Following the squeeze-out, SOMFY intends to distribute an extraordinary dividend up to €620 million 
The total cost for the family is c. €1,285 million (plus investment banking and legal fees). Nearly half of that will be covered by a €620 million extraordinary dividend. Cool.


Despature Family/​Somfy: Squeeze-Out, Delisting

Somfy

Despature Family/​Somfy: Squeeze-Out, Delisting

Despature Family/Somfy: Squeeze-Out, Delisting