Framatome SA has been barred by court order from buying as much as 18% of Telemecanique Electrique SA in a private transaction outside the market, and has therefore had to increase the number of shares in its tender offer to 825,000, 52.4% of the total: it is also planning to raise the offer price to FF4,300 a share from FF4,150, putting pressure on rival suitor Schneider SA to increase its FF3,900 tender offer for up to 43.3% of the shares.
FRAMATOME SA INCREASES NUMBER OF SHARES IN TENDER OFFER FOR TELEMECANIQUE
