The Calida group has published a formal offer to buy all the shares it doesn’t own yet in the Lafuma group, with a squeeze-out provision for the minority shares that are not be tendered. The offer follows the previously reported in The Outdoor Industry Compass, favorable opinion expressed by Lafuma’s board of directors and the approval of the transaction by the watchdog of the Euronext stock exchange. Calida already owns 93.5 percent of the shares. It has confirmed a purchase price of €17.99 per share for the remaining equity. The price values the Lafuma group at €127.9 million. The group reported an adjusted operating profit of €9.7 million in 2019 on sales of €172.6 million. This was after it sold Eider and before its more recent divestiture of Oxbow. It is now completely focused on mountain sports and camping furniture with its Millet and Lafuma brtands. More on the group in The Outdoor Industry Compass.