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Globus calls EGM to vote on delisting

Canning company Globus Rt has called an extraordinary general meeting for May 31 to vote on delisting its shares from the Budapest Stock Exchange (BÉT), the company announced on the bourse's website on Tuesday.

Also on the agenda are the appointment of members to the boards, the recall and appointment of an auditor and amendments to the articles of incorporation. French agri-food group Centrale Cooperative Agricole Bretonne (CECAB) announced on February 24 a public purchase offer for all outstanding shares of Globus for a price of Ft 460 per share, a 31% premium over the minimum price required by the Budapest Stock Exchange. CECAB must acquire 51% of the shares for the offer to be valid. At the same time, CECAB said it had signed an agreement with Globus's biggest owners to acquire all of the remaining shares after the buyout for a price linked to Globus's cash flow under options which extend until 2011.