Under pressure, raises the proposal to attack the carifor bag
Under extreme stress from minority, the Carrifer France Only 10% grew Offer to throw Oh AttackBrazilian subsidiary of scholarship.
Now, Against the previous 70 7.70, the price offered is 50 8.50 per share – promised to pull the papers until the next trading session in a movement. Shares have been in talks at 40 7.40 since the offer was announced.
The operation, which was scheduled for next Monday, 7, has changed less than a week to schedule it to vote for the operation. The meeting was postponed in just two weeks, on the 25th.
Minority shareholders headed by foreigners have expressed their promising operation to vote for voting in the assembly.
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To maintain capital closure, Carrifer France needs the approval of the general majority minorities in a very sprayed base. This is an approval of the 50% plus 1 action of those in the assembly.
Ruwan Kunif, who operates billion 15 billion assets, is very vocal about the dissatisfaction with the proposal.
Numa Hard -Open Letter directly released by hard insightThe manager called the operation “opportunistic and immoral.”
In terms of this criticism, in terms of the price, is very depleted and close to historical minimum and the rule of the process.
They point out the lack of failures and transparency in the expansion of evaluation reports and question the independence of the members listed by the Carrifer Brazil to assess the operation.
Two foreign investors who have heard in an anonymous state have not yet found the price. “It does not make sense. It is still very low,” one of them said, for which the minimum level to start for a share of $ 10 per share.
“The new price does not even keep the value of the real estate assets of the Carrifer, they say about the operation,” another said.
This week, with the recommendation of Glass Lewis and ISS consulting, the hardest blow to the operation, guiding the vote, and then there are many passive profile funds. Both of them recommended that the shareholders did not accept the R $ 7.70 proposal because the award was not beneficial.
In a process surrounded by the controversy, this week, this week, after the second largest shareholders of the Diniz family, the family office and the second largest shareholders, with 7.3% of shares, they declare 2.4% “detachment” in their funds – and vote as a free float.
According to the insight, This is Singapore’s GIC, Sovereign FundHe wants to receive his piece into cash and in the way of the peninsula, instead of Carrifour France’s actions.
However, in the movement, which is understood to be an “hand goal” by minorities, Carrofore France, GIC will be ready to accept 7 7.7 for each action, increasing the possibility of accepting the possibility of the peninsula.
In the new proposal of Carrifer France, there is also the possibility of participating in the attic for French matrix action.
On top of the previous offer R $ 3.85, the investor may choose a combination of 0.5 actions from Carrifer Franca and R $ 4.25 cash. Another option is to receive 0.1 action from Carrifer France (compared to 0.09 in the previous offer).
