France’s SNCF railways launches takeover of Geodis

April 6th, 2008 | by admin |

PARIS, April 6 (Reuters) - French state railways SNCF saidon Sunday it was launching a friendly takeover of transport andlogistics company Geodis (GEOD.PA: Quote, Profile, Research), offering a premium of morethan 30 percent on its last traded price.

SNCF, which already owns some 42 percent of the company,said it would pay 135 euros a share for the remaining stock,valuing the com

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