Resumen de Rhone Capital makes mandatory tender offer for S&B minority shareholders
A mandatory tender offer was launched for the minority shareholders of Greek minerals and materials group S&B Industrial Minerals in late January by former Almatis owner Rhone Capital LP's Fund IV.
A mandatory tender offer was launched for the minority shareholders of Greek minerals and materials group S&B Industrial Minerals in late January by former Almatis owner Rhone Capital LP's Fund IV.
Sibelco, which has a 19.96% holding, has committed to accept an offer by Rhone Capital when it is made, subject to certain conditions. In addition, Sibelco gave "undertakings not to sell their shares, accept or vote in favour of any offer, merger or similar transaction which is in competition with the proposed offer or enter into discussions or negotiations with respect to any competing transaction," Delphi noted at the time.
