PZ Cormay S.A. (WSE:CRM) made a tender offer to acquire remaining 2.9% stake in Orphée SA (WSE:ORP) for PLN 2 million on December 11, 2019. Under the terms of the offer, PZ Cormay S.A. will acquire remaining 1 million shares at PLN 1.96 per share. Post transaction, PZ Cormay S.A will own 100% stake.

The offer period will run from January 7, 2020 till February 6, 2020.