Calida Holding AG (SWX:CALN) made an offer to acquire a remaining stake in Lafuma SA (ENXTPA:LAF) for €41.7 million from Felix Sulzberger and others on October 4, 2013. Calida Holding AG will acquire 2.9 million shares at €14 per share. As of November 29, 2013, tender offer commenced. Tender offer will run from December 27, 2013 to January 13, 2014. The deal is subject to approval from French financial market regulators. The transaction was approved by shareholders of LAFUMA during an extraordinary general assembly and expiration of the deadline of appeals against the decision of the AMF. Also, the board of directors of LAFUMA unanimously recommends that CALIDA's offerCrédit du Nord and Leonardo & Co acted as financial advisors to Calida.

Calida Holding AG (SWX:CALN) completed the acquisition of a 8.9% stake in Lafuma SA (ENXTPA:LAF) for €7.5 million from Felix Sulzberger and others on January 13, 2014.