Hermès acquires 31.5 % of the share capital of Leica Camera AG
On 22nd of November 2000, Hermès International has launched a friendly tender offer for 30 % of the share capital of Leica Camera AG running until 20th of December 2000. The proposed price was 12.50 Euro per share, representing a 30 % premium on the average stock market price in the last three months preceding the offer.
At the closing of the offer, Hermès International announces that it has acquired 31.5% (30 % on a fully diluted basis) of the share capital of Leica Camera AG for a total investment of 17.7 million Euro.
The press release note "Hermès International and Leica Camera AG welcome the decision of the shareholders who have tendered their shares and allowed the success of this operation. "
