on SQLI (EPA:SQI)
Favorable opinion for SQLI's simplified public purchase offer
On October 16, 2024, the Board of Directors of SQLI, a European digital services group, approved the simplified public tender offer. This Offer, initiated by DBAY Advisors via Synsion BidCo, proposes a price of €54 per share. This gesture demonstrates the continued commitment of DBAY Advisors, SQLI's main shareholder since 2019.
According to the unanimous opinion of the Board, supported by the ad hoc committee and the independent expert Crowe HAF, the Offer is considered fair to shareholders, aligning the interests of SQLI, its shareholders and employees. The Board therefore recommends that shareholders participate in the Offer.
The draft response note has been filed with the AMF. The Offer is currently being reviewed for compliance and is expected to open in November 2024.
R. E.
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