Reinsurer Scor announced on Wednesday, November 6, that it had "rounded up" its public purchase offer for real estate company MRM to 35,50 euros per share, compared to 35,40 euros previously.
Scor "has decided to round the price proposed for the simplified public purchase offer and the compensation for the possible mandatory withdrawal to 35,50 euros per MRM share," the reinsurer said in a press release. "This price increase does not entail any change in the other data of the public offer," it added.
On September 26, Scor announced the signing of a "contract to acquire Altarea's stake in MRM's capital, and its intention to file a simplified public purchase offer followed, if the conditions are met, by a compulsory withdrawal of MRM."
Since 2022, Altarea has been MRM's second largest institutional shareholder after Scor, the majority shareholder since 2013.
The simplified public purchase offer filed by Scor "will be followed, if the conditions are met, by a compulsory withdrawal as a result of which MRM would be delisted by the end of 2024", the reinsurer indicated at the beginning of October.
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