Lexibook: Doodle Launches a Simplified Takeover Bid at 8 Euros
Doodle filed a simplified public takeover offer for Lexibook shares at a price of 8 euros per share with the Financial Markets Authority yesterday.
An Offer at 8 Euros for 87.73% of the Capital Held
Doodle, which already owns 87.73% of the capital and 87.70% of the theoretical voting rights of Lexibook following the acquisition of a block of 690,200 shares from Moneta Asset Management in June 2026, proposes to acquire all the remaining shares at a price of 8 euros per share. This simplified public takeover offer will be open for a period of ten (10) trading days, according to the schedule set by the Financial Markets Authority. The offer concerns 952,730 Lexibook shares not yet held by Doodle. Crédit Industriel et Commercial is acting as presenting bank and guarantees the irrevocable nature of the commitments made by Doodle.
Mandatory Withdrawal Considered if Regulatory Conditions Are Met
In the event that the shares not tendered by the minority shareholders do not represent more than 10% of the capital and voting rights at the end of the offer, Doodle intends to request the Financial Markets Authority to implement a mandatory withdrawal procedure within three months following the closure. This procedure would result in the delisting of Lexibook shares from Euronext Growth Paris and compensation for minority shareholders at the offer price, net of all expenses.
Estimated Financing at 7.62 Billion Euros
The costs incurred by Doodle in connection with the offer are estimated at approximately 850,000 euros (excluding taxes), while the financing of the cash consideration is provided by external financing contracted by Doodle. In the event that all targeted shares are tendered, the total cash consideration would amount to 7.62 billion euros. No brokerage fees or commissions will be reimbursed or paid by Doodle to shareholders or their intermediaries.