The reinsurer Scor announced on Wednesday that it had “rounded” at 35.50 euros per share its public purchase offer on the MRM property company, compared to 35.40 euros previously. Score “decided to round the price proposed for the simplified public purchase offer and compensation for the possible squeeze-out to 35.50 euros per MRM share”indicated the reinsurer in a press release. “This increase in price does not entail any change in the other data of the public offer”he adds.
Scor announced on September 26 the signing of a “contract for the acquisition of Altarea's stake in the capital of MRM, and its intention to file a simplified public purchase offer followed, if the conditions are met, by a compulsory withdrawal of MRM”. Altarea has been the second institutional shareholder of MRM since 2022 after Scor, majority shareholder since 2013. The simplified public purchase offer filed by Scor “will be followed, if the conditions are met, by a squeeze-out as a result of which MRM would be delisted by the end of 2024”the reinsurer indicated at the beginning of October.
