Directors said they considered the price of EUR 24 ($33.21) per share fair - and this was also the view of KPMG, which was brought in to evaluate the deal.
The chairman's company Jaccar Holdings already owns 26.2% of Bourbon. The stock it does not own is worth EUR 1.31bn at EUR 24 per share.
The offer price was 24% above the last closing price before it was made in March, valuing the company at EUR 1.8bn.
Bourbon
