The agreement provides for a purchase price of €142.03 per Clasquin share, representing a premium of 13.17% over the last closing price.
Following the acquisition of this initial stake, SAS intends to launch a tender offer for the remaining Clasquin shares at the same price per share. Completion of the entire transaction is expected by the end of 2024, subject to regulatory approvals.
“This agreement is a significant step forward in MSC’s ongoing expansion of its logistics network,” said a spokesperson for MSC. “Clasquin’s established presence in the French market and its expertise in freight forwarding will complement our existing services and strengthen our overall offering to clients across Europe.”
The transaction, which is subject to regulatory approvals, is expected to close by year-end.