247 million euros to acquire the French Otor.

Keywords: packing, stock, redemption, Britain, FRANCE, Jean-Marie Paultes, DS Smith, Otor.

The packaging manufacturer has received a takeover offer by its British counterpart DS Smith. The title Otor climbs over 60 % on Alternext, about 11 hours .

An increase of more than 60 % for the title Otor ! The least we can say is that financial markets are very receptive to the offer made by DS Smith to redeem the French. If DS Smith lost nearly 4 % on the London Stock Exchange at 121 pence, Otor jumped from 60.15% at 8.28 euros on the Paris Bourse .
The Carlyle Group , a leading alternative managers in the world with $ 90.5 billion under management , has entered into discussions with DS Smith to sell 94.75 % shares held by the group , and 0.25% Shares owned by executives Otor . Thereafter , to acquire the entire share capital of Otor , DS Smith will launch a squeeze on the remaining shares held by the public , on the basis of 8.97 euros per share .
"This announcement is a real satisfaction for us, " commented Jean- Marie Paultes , CEO of Otor , quoted in a press. "It is an opportunity for us to belong to a large European group and sharing our expertise in innovation , " says one home Otor .
This transaction must obtain the agreement of Brussels and the shareholders of DS Smith , should be finalized during the fourth quarter.