| Target: | FREESERVE PLC | SIC Codes: | 4814 0 0 0 0 |
| Country: | United Kingdom | Industrial Sectors: | Internet |
| Activities: | INTERNET SERVICE PROVIDER & INTERNET PORTAL | ||
| Bidder: | FRANCE TELECOM S.A. | ||
| Country: | France | SIC Codes: | 4813 4814 4841 4812 0 |
| Activities: | FIXED LINE/MOBILE TELECOMMUNICATIONS & DATA/INTERNET | ||
| Bidding Subsidiary: | WANADOO SA | ||
| Country: | France | SIC Codes: | 4814 2700 0 0 0 |
| Activities: | INTERNET MEDIA AND DIRECTORIES | ||
| Divestor: | DIXONS GROUP PLC | ||
| Country: | United Kingdom | SIC Codes: | 5730 0 0 0 0 |
| Activities: | CONSUMER ELECTRONICS RETAILER | ||
| Date Announced: | 2000/12/06 | Date Completed: | 2001/02/13 |
| Deal Status: | Completed | Deal Type: | Divestiture of Public Company |
| Deal Attitude: | Friendly | Cross Border: | Yes |
| % Capital Owned: | 0 | % Capital Bid For: | 100 |
| Competitive Status: | Single bidder | ||
| Regulatory Referral: | No referral | ||
| Consideration Type: | Ordinary Shares | ||
| Deal Value (m) | Rate to STG 1.000 | Target Financials (m) | Rate to STG 1.000 | ||
| UK Sterling | UK Sterling | ||||
| Ordinary Offer Value | 1601.836 | Sales | 30.769 | ||
| Other Equity Value | 0.150 | Depreciation/Amortisation | 3.246 | ||
| Total Equity Value | 1601.986 | Operating Profit | -36.528 | ||
| Net Debt | -53.567 | NPBT | -32.195 | ||
| Minorities | 0 | NPAT | -25.011 | ||
| Firm Value | 1548.419 | Net Income | -24.443 | ||
| Shareholders Funds | 133.605 | ||||
| Price Ratios | Firm Value Ratios | ||||
| Price/Sales | 52.06 | Firm Value/Sales | 50.32 | ||
| Price/NPAT | 0 | Firm Value/EBITDA | 0 | ||
| Price/Book | 11.99 | Firm Value/EBIT | 0 | ||
| Accounts Source: | RESULTS FOR 12 MONTHS TO 19/08/2000 | Reliability: | Unaudited |
| Deal Value Source: | BIDDER PRESS RELEASE (06/12/2000) | Reliability: | Accurate |