A new driver of growth to strengthen Lagardère Active's digital
An attractive offer for LeGuide.com's shareholders: an immediate
liquidity and a significant premium on the stock price
Lagardère (Euronext: FR0000130213), acting for the account and on behalf
of its division Lagardère Active, is announcing the launching of a
voluntary contractual offer to purchase all the shares issued by
LeGuide.com (Alternext: FR0010146092 - ALGUI), the leading online
shopping guide on the European market. This offer is made in cash for a
purchase price of 24 Euros per share and represents a premium of 31.2%
on three months average, 25.4% on one month average and 20.5% on
LeGuide.com's closing stock price on 4 May 20121.
The acquisition of a leading aggregation platform through this
contractual offer will enable Lagardère to expand the portfolio of the
digital activities of its division Lagardère Active. Lagardère Active
will increase its growth prospects in the Digital segment, with a
know-how specific and complementary to its own activities, including on
performance based monetization2, and remaining faithful to
its positioning in respect of generating and monetizing audiences.
It offers the shareholders of LeGuide.com the opportunity to cash-in the
value of their investment at attractive financial conditions. It also
allows LeGuide.com to be backed by a powerful industry player whose
skills complement its own and that will accelerate its development.
Lagardère Active wishes to preserve the managerial autonomy of the
management team of LeGuide.com and maintain the employment policy and
the entrepreneurial culture which made its success since its origins.
LeGuide.com is an operator of shopping guides, allowing users to compare
over 161 million offers from 76,200 online retailers, while providing
traffic to online retailers. LeGuide.com has a total audience of 28.9
million unique visitors (including the recent acquisition of Ciao) and
operates in 14 European countries3.
Lagardère is a pure media group and is among the world leaders in the
sector. Through its division Lagardère Active, the Group has developed
strategic positions in the Press, Audiovisual, Advertising and Digital
segments. Pursuing since several years a deliberate strategy of
deployment of its brands and contents on digital media, Lagardère Active
is a leading Internet media group and the number one media group on
mobile in France.
This offer, which does not require a prior approval of the AMF, is for
all the shares of LeGuide.com and will be opened from 9 May 2012 to 12
June 2012 (included). The contractual offer is mainly subject (i) to the
condition that, on the closing of the contractual offer, the shares
tendered in connection with the contractual offer and held by the
Lagardère group represent at least 51% of the share capital of
LeGuide.com on a fully diluted basis and (ii) to the approval of the
transaction by the antitrust authorities in Germany and Austria. The
detailed terms and conditions of the voluntary contractual offer to
purchase are set forth in the document presenting the offers available
on the website www.lagardere.com.
The contractual offer is being made exclusively in France. The
contractual offer and its acceptance may be subject to legal
restrictions in some countries. The persons concerned are required to
learn about any applicable local restrictions and comply with them.
The contractual offer is presented by Natixis.
Lagardère is a pure media group (books, press, broadcast, digital,
travel retail and press distribution,
sport industry and entertainment), and is among the world leaders in
Lagardère shares are listed on Euronext Paris (Compartment A).
1 Premiums calculated on figures as at 4 May 2012.
2 Performance base monetization: compensation model by which
the online comparator of shopping website is paid according to the
volume of traffic redirected on the e-merchant website.
3 Information from LeGuide.com.
FUNCK-BRENTANO, +33 1 40 69 16 34
KHIROUN, +33 1 40 69 16 33
Anthony MELLOR, +33 1 40 69 18 02