White & Case Advises Goldman Sachs as Presenting Bank on JCDecaux's Public Tender Offer for Its Own Shares
Global law firm White & Case LLP has advised Goldman Sachs, as presenting bank, on the public tender offer by JCDecaux SA for its own shares.
The transaction is the largest share buyback offer on the French market since 2012, with the offer made to optimize the group’s financial structure.
The offer, launched on June 12, 2015, targets a maximum of 12,500,000 shares representing 5.57 percent of JCDecaux’s share capital as of April 30, 2015, at €40 per share or a total of €500 million. The shares bought back as a result of the offer will be cancelled. The offer period ended on July 9, 2015.
The White & Case team in Paris which advised on the transaction included partners Séverin Robillard, Thomas Le Vert, and Franck De Vita and associate François Carrey. Counsel Max Turner advised on U.S. law issues and partner Alexandre Ippolito, with support from associate Marcus Schmidbauer, advised on tax issues.
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