Shareholders of Kindred Group approved the Board of Directors' proposal to amend the company's articles of association and memorandum during the most recent extraordinary general meeting. The amendment also gives an offeror the ability to squeeze out.
A number of requirements must be satisfied for the tender offer to be completed, including a change to Kindred's bylaws to permit the implementation of a squeeze-out process in the event that FDJ purchases at least 90% of Kindred's capital.
A number of requirements must be satisfied for the tender offer to be completed, including a change to Kindred's bylaws to permit the implementation of a squeeze-out process in the event that FDJ purchases at least 90% of Kindred's capital.
