AXA Financial. Inc. will nach eigenen Angaben den Lebensversicherer und Geldmarktmanager MONY Group für 1,5 Bln € in Cash übernehmen. (Reuters)
*AXA:Euro 1.406 Bn ORAN offering trough warrants (BSOs)
> BNPP JOINT BOOKRUNNER
> Offer: Pre-emptive warrants (BSOs) giving entitlement to
> subscribe to a bond redeemable in shares or cash (ORAN)
> Size offer: Euro 1.406 bn i.e. 6.25% capital increase
> Parity:1 free BSO for each 1 Axa share, 1 ORAN for 16 BSOs
> Subs Price: 12.75 Euro ORAN maturity: max 21 Dec 2004
> Redemption: in shares (1 Axa Share for 1 ORAN) if completion of
> the acquisition, cash if not at par + 2.4% paid pro rata
> Timetable: Record date 19/09, Trading of warrant & Subscription
> period 22/09-03/10, Rump placement 15/10, Sett 21/10
> Selling Res: Reg S in the US, Australia, Japan (refers to Off. C
> ir)
Gruß Pichel