BVLP shareholders have been offered 0.806475 new Euronext shares and Euro 5.833333 in cash for each BVLP share. These terms give BVLP shareholders 4% of Euronext's fully diluted and enlarged share capital. The cash element amounts to Euro 35 million.
As a result of the merger, BVLP will become a wholly-owned subsidiary of Euronext N.V., in a similar way as Euronext Paris, Euronext Amsterdam and Euronext Brussels, and will be renamed Euronext Lisbon.
These acceptances follow the signing on 13 June 2001 by Euronext and BVLP of a Memorandum of Understanding outlining their intention to merge, and the launch of the merger offer on 20 December 2001.
