Monceau Fleurs announces takeover bid by Laurent Amar, BM Invest

By Jennifer Chiou

New York, June 28 - Groupe Monceau Fleurs announced that shareholders Laurent Amar, BM Invest and affiliates have launched a takeover bid for shares not held by them as well as the company's convertible bonds.

If successful, the takeover bid will result in Perceva Holding becoming the controlling shareholder of Monceau Fleurs.

The bidders are looking to restructure the company's debt and realign the business operations of the Paris-based flower retailer.

Amar and BM Invest are offering holders €0.63 per share, which is a 23.5% premium to the €0.51 share price on May 27. They are also offering €3.125 per convertible, which is a 1.5% premium to the €3.08 closing price of the bonds on May 27.

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