Tarkett Sommer Subsidiary Completes Offer For Domc
Montreal, Aug. 26--Tarkett Sommer announced today that its indirect subsidiary, 4158148 Canada Inc. (the "Offeror"), has successfully completed its offer for all the outstanding Common Shares of Domco not already held by the Offeror and its affiliates at a price of Cdn. $7.75 in cash.
Tarkett Sommer indicated that 5,219,285 Common Shares, or approximately 74.60% of the Common Shares not already held by Tarkett Sommer and its affiliates, had been tendered pursuant to the offer as of the Expiry time and that it will take up and pay for all of such Common Shares validly deposited and not withdrawn at the Expiry Time.
After having taken-up and paid for all Common Shares tendered pursuant to the Offer, Tarkett Sommer will hold indirectly a total of 24,135,817 Common Shares representing approximately 93.14% of Domco's total outstanding Common Shares.
As previously announced, Tarkett Sommer intends to proceed with a subsequent acquisition transaction pursuant to which the remaining Domco Common Shares which have not been tendered to the offer would be acquired. Tarkett Sommer and its affiliates own a sufficient number of Common Shares to approve such a transaction at the special meeting of shareholders of Domco which shall be called to consider it.
