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March 18, 2014
06:17 EDTSCGLYSociete Generale to increase holding in share capital of Boursorama
Societe Generale announces its intention to file a takeover offer targeting the shares of Boursorama, following the signature of a concerting shareholders agreement with Caixa Group. Societe Generale and Caixa Group, as of today holders of 56% and 21% of the share capital of Boursorama respectively, have strengthened their cooperation and formalized their common strategic vision of online banking in France and in Europe through the signature on March 17 of a concerting shareholders agreement with respect to Boursorama. Following the signature of this new shareholders agreement, Societe Generale will file today with the French Financial markets authority a simplified takeover offer targeting the shares of Boursorama neither owned by Societe Generale nor Caixa Group, at an Offer price of EUR12 per share The Offer, which is expected to open during the month of May, will be followed by a squeeze out procedure, should minority shareholders, excluding Caixa Group, hold less than 5% of Boursorama’s share capital and voting rights following the tender offer.
News For SCGLY From The Last 14 Days
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February 25, 2015
10:01 EDTSCGLYOn The Fly: Analyst Downgrade Summary
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05:31 EDTSCGLYSociete Generale downgraded to Neutral from Overweight at HSBC
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February 24, 2015
06:15 EDTSCGLYBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 20, 2015
09:14 EDTSCGLYSociete Generale management to meet with JPMorgan
Meetings to be held in Chicago on February 23, in Des Moines/Kansas City on February 24, in New York on February 25 and in Boston on February 26 hosted by JPMorgan.

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