Frankenthal, Germany, March 2—-Tarkett AG, the German flooring manufacturer, looks likely to be delisted from the German stock exchange according to the Financial Times.
The newspaper reported that the French Deconinck family, which owns a majority stake in parent company Tarkett SA, is planning a squeeze-out of small shareholders in the German subsidiary, Europe's largest business in its field.
Reports say they are to receive 16.17 euros per share in cash, representing an average price for the share over the past three months.
Tarkett SA currently owns 97.15 per cent of shares in the German subsidiary. Decisions on the planned transaction are due to be taken at the general meeting of the German company on June 20.
