Solvay and Rhodia announced that the French financial markets authority has declared Solvay“s friendly public offer for Rhodia to be in conformity. Once authorizations of the Prudential Regulatory Au…
Solvay and Rhodia announced that the French financial markets authority has declared Solvay“s friendly public offer for Rhodia to be in conformity. Once authorizations of the Prudential Regulatory Authority and the French Minister of the Economy are granted, the French financial markets authority will publish a timetable for the offer and, in particular, the opening and closing dates of the offer acceptance period, during which holders of Rhodia securities could tender them into the offer. The offer is also subject to the following conditions: obtaining of the approval of EU and US anti-trust authorities, reaching of a minimum acceptance level of 50% of the share capital and the voting rights of Rhodia plus one share on a fully-diluted basis