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Bids, Mergers and Takeovers

e2v-Teledyne deal approved by French authorities

20 March 2017 13:52

e2v technologies has confirmed that the acquisition of the Company by Rhombi, a wholly-owned subsidiary of Teledyne Technologies, has received approval from the French Ministry for Economy and Finance.

In addition, a revised application for clearance was submitted to the German Bundeskartellamt (the BKA) in respect of the Acquisition, on 24 February.

The Company said it has now become apparent that the BKA may take the full one month period to complete its review and therefore a short extension to the existing Acquisition timetable is proposed.

Subject to the remaining Conditions being satisfied or, where applicable, waived, it is now intended that the Scheme Court Hearing to sanction the Scheme will be held on Monday 27 March 2017 and that the Scheme will become Effective on Tuesday 28 March 2017.

At 1:52pm: (LON:E2V) e2v technologies PLC share price was +0.88p at 271.63p

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