Kurse + Charts + RealtimeNews + AnalysenFundamentalUnternehmenzugeh. WertpapiereAktion
Kurs + ChartChart (groß)NewsBilanz/GuVDividende/HVZertifikateDepot/Watchlist
Times + SalesChart-AnalyseAnalysenSchätzungenTermineOptionsscheinemyHome
BörsenplätzeChartvergleichKurszieleVergleichProfilKnock-OutsSenden/Drucken
OrderbuchRealtime StuttgartFundamentalanalyse InsidertradesFondsInvestmentreport
HistorischRealtime PushmyNews im ForumAnleihen
Kaufen
Verkaufen

08.06.2012 08:30

Senden

Air Liquide: Planned Acquisition of LVL Médical, Leading French Player in Home Healthcare

Air Liquide zu myNews hinzufügen Was ist das?


Regulatory News:

Air Liquide (Paris:AI) is pursuing the development of its activities in the home healthcare sector and announces the beginning of exclusive negotiations with a view to acquiring 70.49% of LVL Médical Groupe SA’s (LVL Médical) share capital from the controlling shareholders at a price of €30.89 per share. This transaction, once finalized, would enable Air Liquide to gain control of LVL Médical’s French activities, for an enterprise value* of €316 million.

This acquisition of a controlling stake in LVL Médical will be followed by a simplified public tender offer (and, possibly, by a compulsory squeeze-out) on the remaining LVL Médical share and subscription warrants**, in accordance with applicable rules. Prior to the acquisition by Air Liquide, LVL Médical’s German activities will be acquired by the Lavorel Family, the majority shareholder.

LVL Médical is an historical player in the home healthcare sector, with 50,000 patients served at home in France. The company employs 750 people in France and its 2011 sales in France amounted to €104 million.

Air Liquide intends to pursue LVL Médical’s development by favouring the continuity of the company’s management, led by Mr Jean-Claude Lavorel, and by relying upon the expertise and commitment of its teams.

Pascal Vinet, Vice President, Healthcare Global Operations and member of the Group Executive Committee, declared: "LVL Médical is one of the key players in home healthcare in France, recognized for its expertise, the professionalism of its teams and its service quality. Our know-how combined with that of LVL Médical, and our capacity for innovation, will enable LVL Médical to pursue its development. This acquisition is in line with Air Liquide’s external growth strategy in healthcare. Health is one of the growth drivers of the Group.”

Air Liquide and LVL Médical will launch an information and consultation process with their respective relevant employee representatives. The acquisition of the control of LVL Médical by Air Liquide is subject to approval by the French competition authority. The transaction should be completed during Q4 2012.

* Enterprise value after the divesture of LVL Médical German activities

** Subscription warrants or BSAAR: redeemable warrants to subscribe or purchase shares

********Transaction details********

  • Air Liquide, the Lavorel Family, and in particular Mr Lavorel, Chairman and CEO, and other concerted parties which together control LVL Médical, have entered into exclusive negotiations for the sale to Air Liquide of their controlling block, representing 70.49% of LVL Médical’s share capital.
  • At the same time as this sale, the Lavorel Family would acquire LVL Médical German activities from LVL Médical, for an enterprise value of €80m.
  • The acquisition of the controlling stake by Air Liquide would be followed by the launch of a simplified public tender offer for the remaining LVL Médical shares and BSAARs**.
  • Air Liquide offered the sellers a price in cash of €30.89 per share. This offer translates into an equity value for LVL Médical of €307m, on the basis of a net debt of approximately €89m as of March 31, 2012, ie a global enterprise value of €396m of which €316m for the French activities kept by Air Liquide, and €80m for the German activities acquired by the Lavorel Family. The offered price of €30.89 per share implies a premium of 90% compared to the closing share price of LVL Médical as of June 7, 2012.
  • Bellot Mullenbach et Associés has been appointed as an independent expert by the Board of Directors of LVL Médical in order to provide a fairness opinion on the offered price in the context of the simplified public tender offer, including a potential compulsory squeeze-out, as well as on the sale of the LVL Médical German activities to the Lavorel Family.

    The acquisition by Air Liquide will be conditional on LVL Médical obtaining this fairness opinion and on its offer being recommended by the LVL Médical Board of Directors.
  • The acquisition is not subject to any other condition precedent.
  • The acquisitions could be completed during Q3 2012. The simplified public tender offer on the remaining LVL Médical shares and BSAARs (possibly followed by a compulsory squeeze-out) at the same price of €30.89 per share and a price per BSAAR based on the offered price, ie €13.2 per BSAAR (subject to the declaration of conformity by the AMF), could be completed during Q4 2012.

Air Liquide’s Healthcare Business line

Air Liquide's Healthcare World Business Line serves over 6,000 hospitals and 700,000 patients at home throughout the world. It provides medical gases, home healthcare services, hygiene products and medical equipment.

With 9,300 employees, the Group’s Healthcare business line published €2,076 million in revenues in 2011. In 2012, SEPPIC (specialty ingredients) integrated the Healthcare activity.

Home Healthcare

Air Liquide, European leader and 3rd worldwide in home healthcare, provides home healthcare services in compliance with medical prescription for patients suffering from chronic illnesses such as COPD (Chronic Obstructive Pulmonary Disease), sleep apnea and diabetes. These home healthcare services are being developed in addition to hospital care, enabling patients to enjoy better quality of life and local authorities to reduce costs.

Home Healthcare represents 45% of Air Liquide’s total 2011 Healthcare revenue.

Air Liquide is the world leader in gases for industry, health and the environment, and is present in 80 countries with 46,200 employees. Oxygen, nitrogen, hydrogen and rare gases have been at the core of Air Liquide’s activities since its creation in 1902. Using these molecules, Air Liquide continuously reinvents its business, anticipating the needs of current and future markets. The Group innovates to enable progress, to achieve dynamic growth and a consistent performance.

Innovative technologies that curb polluting emissions, lower industry’s energy use, recover and reuse natural resources or develop the energies of tomorrow, such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home healthcare, fighting nosocomial infections… Air Liquide combines many products and technologies to develop valuable applications and services not only for its customers but also for society.

A partner for the long term, Air Liquide relies on employee commitment, customer trust and shareholder support to pursue its vision of sustainable, competitive growth. The diversity of Air Liquide’s teams, businesses, markets and geographic presence provides a solid and sustainable base for its development and strengthens its ability to push back its own limits, conquer new territories and build its future.

Air Liquide explores the best that air can offer to preserve life, staying true to its Corporate Social Responsibility and sustainable development approach. In 2011, the Group’s revenues amounted to €14.5 billion, of which more than 80% were generated outside France. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.

www.airliquide.com

Follow us on Twitter @AirLiquideGroup

Kommentare zu diesem Artikel

Geben Sie jetzt einen Kommentar zu diesem Artikel ab.
Kommentar hinzufügen
  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • Sprache:
  • Alle
  • DE
  • EN
  • Sortieren:
  • Datum
  • meistgelesen
Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen
Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen
vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden
Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu Air Liquide S.A.

mehr
  • Alle
  • Buy
  • Hold
  • Sell
10.04.14Air Liquide addCommerzbank AG
04.04.14Air Liquide OutperformBernstein Research
28.03.14Air Liquide overweightJP Morgan Chase & Co.
24.02.14Air Liquide haltenIndependent Research GmbH
19.02.14Air Liquide haltenSociété Générale Group S.A. (SG)
10.04.14Air Liquide addCommerzbank AG
04.04.14Air Liquide OutperformBernstein Research
28.03.14Air Liquide overweightJP Morgan Chase & Co.
07.02.14Air Liquide kaufenMorgan Stanley
16.12.13Air Liquide kaufenDeutsche Bank AG
24.02.14Air Liquide haltenIndependent Research GmbH
19.02.14Air Liquide haltenSociété Générale Group S.A. (SG)
10.02.14Air Liquide haltenGoldman Sachs Group Inc.
29.01.14Air Liquide haltenGoldman Sachs Group Inc.
22.01.14Air Liquide haltenHSBC
23.01.14Air Liquide verkaufenBarclays Capital
21.01.14Air Liquide verkaufenUBS AG
07.01.14Air Liquide verkaufenUBS AG
03.10.13Air Liquide verkaufenBarclays Capital
17.07.13Air Liquide verkaufenBarclays Capital
Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Air Liquide S.A. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen
Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"

AKTIEN IN DIESEM ARTIKEL

ANZEIGE

Private Krankenversicherung Tarifvergleich

Videos zu Air Liquide

mehr

Anzeige

Meistgelesene Air Liquide News 1M

Keine Nachrichten gefunden.
Weitere Air Liquide News

ANZEIGE

Die 5 beliebtesten Top-Rankings






Die Zahl der Beschwerden von Privatversicherten über ihre Krankenkasse ist 2013 leicht gesunken. Wie Zufrieden sind Sie mit Ihrer Krankenkasse?
Ich gehöre zu denen die sich beim Ombudsmann der privaten Krankenversicherung (PKV) beschwert haben.
Ich war im letzten Jahr unzufrieden, habe mich aber nicht beschwert.
Ich hatte keine Probleme mit meiner Versicherung
Abstimmen