By Pietro Lombardi
France's construction-and infrastructure company Vinci SA and civil-engineering company Eiffage SA are in talks to launch a tender offer of 23 euros ($26.98) for each share in tunnel operator Societe Marseillaise du Tunnel Prado Carenage SA that they don't already own.
The companies said late Wednesday that they want to launch a simplified tender offer, followed by a squeeze-out. Vinci currently has a 33.3% stake in the company, while Eiffage controls 32.9% of it.
The EUR23-a-share offer would represent a premium of more than 30% over Wednesday's closing price. After the offer, the companies would have equal holdings in the tunnel operator.
Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10
(END) Dow Jones Newswires
04-01-21 0151ET