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Bouygues to Delist Colas
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Bouygues plans to file a public tender offer and squeeze-out for the shares of Colas it does not hold, aiming to delist the company. The offer price is 175 euros per share, paid in cash. Bouygues also announces changes in Colas' governance, including the separation of Chairman and CEO roles, with Frédéric Gardes resigning and Pierre Vanstoflegatte becoming the new CEO.
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How might Bouygues' delisting of Colas impact the broader French market?
In what ways could the changes in Colas' governance and leadership influence the company's strategic direction and decision-making?
What factors might have prompted Bouygues to make this move, and how might it affect the future of Colas?
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