Spring Holding, a company established by the Guichard family, agreed to acquire Manutan International, a European company in BtoB e-commerce, for €800m. In accordance with stock-market regulations, the Company’s Board of Directors has established a three-member ad hoc committee consisting primarily of independent directors. Among their tasks, this ad hoc committee is notably responsible for monitoring the work of the independent expert, for drafting an initial reasoned opinion on the Offer, and for submitting a recommendation on the Offer to the Board of Directors.