BRIEF-Pierre Et Vacances Receives Binding Offer from Mubadala Capital

Penn Virginia Corporation

Penn Virginia Corporation

PVAC

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June 22 (Reuters) - Pierre et Vacances SA PVAC.PA :

  • RECEIVES FULLY FINANCED BINDING OFFER FROM MUBADALA CAPITAL

  • BOARD OF DIRECTORS WELCOMES MUBADALA CAPITAL OFFER

  • OFFER TERMS: €1.9 PER SHARE 'CUM DISTRIBUTION', UP TO €2 PER SHARE WITH TOP-UP

  • OFFER SUBJECT TO 80% TENDER CONDITION BY JULY 17, 2026

  • TENDER OFFER FILING EXPECTED IN FIRST QUARTER 2027

  • MUBADALA CAPITAL WILL IMPLEMENT A SQUEEZE-OUT FOR ALL COMPANY SECURITIES AND DELIST THE COMPANY IF THE CONDITIONS ARE MET UPON COMPLETION OF THE TENDER OFFER


Source text: Full press release
Further company coverage: PVAC.PA


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