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Luxembourg's Quilvest sets fair per-share price in squeeze-out

Luxembourg-based wealth manager Quilvest SA determined that $171.20 per share is a fair price for the sale of its shares in a squeeze-out launched by several of its stakeholders.

In August, the stakeholders exercised their rights to acquire the remaining 20,714 shares in Quilvest that they do not hold and had appointed PricewaterhouseCoopers to determine a price for the shares and come up with a valuation report. The shareholders directly hold 6,540,144 shares in Quilvest, representing 99.66% of the company's share capital.