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Meetic Announce Squeeze-Out, Delisting of Shares

Meetic

Meetic has announced the mandatory squeeze-out and subsequent delisting of shares, following Match.com France’s takeover bid.

IAC, owner of Match, increased their stake in Meetic to 87.5% last September, and now own 98.06% of Meetic’s capital and 97.36% of voting rights.

The squeeze-out will take place on 31st January 2014, and will involve 179,349 shares at a price of €18.75.

On the same day, Meetic shares will be delisted from the Euronext.

Meetic is Europe’s leading online dating site, operating in 15 countries and 11 languages.

The site was first partnered with Match in 2009, when it bought Match’s European operations.

This deal included IAC gaining 27% of Meetic’s shares.

Then in 2011, IAC gained control of Meetic by increasing their stake in the company to 77.6%.

IAC is a leading media and internet company which owns over 150 brands that include Ask.com, About.com, OkCupid.com, Match.com and Vimeo.com.

Simon Edmunds

Simon is the former editor of Global Dating Insights. Born in Newcastle, he has an English degree from Queen Mary, London and after working for the NHS, trained as a journalist with the Press Association. Passionate about music, journalism and Newcastle United.

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