Merger of Unibail Holding S.A. and Rodamco Europe N.V.
On May 21, 2007 Unibail Holding S.A. and Rodamco Europe N.V. jointly announced that Unibail made a friendly Public Exchange Offer for all the outstanding shares in the capital of Rodamco. The Offer was declared unconditional on June 21.
As at December 31, 2007 Unibail-Rodamco owned 98.52% of the issue share capital of Rodamco. In the mean time squeeze out proceedings under Dutch law of the remaining shares in Rodamco Europe were initiated. The squeeze out price is to be determined by the Enterprise Chamber of the Court of appeals in Amsterdam. Unibail-Rodamco has proposed Euro 81.03 per Rodamco share, consistent with the exchange ratio.
Please also visit Unibail-Rodamco's website: www.unibail-rodamco.com