McDermott Will & Schulte advises Doodle on the simplified tender offer for Lexibook

McDermott Will & Schulte advises Doodle, a holding company owned by the Le Cottier family and Lawrence Rosen LLC, on the simplified tender offer for the shares of Lexibook – Linguistic Electronic System, a company listed on Euronext Growth Paris, at a price of €8 per share.

The offer price values 100% of the share capital of Lexibook at approximately €62.1 million and represents a premium of 37.9% over the closing price on 3 June 2026, the last price prior to the announcement of the offer.

Presented and guaranteed by CIC, the offer was cleared by the French Autorité des marchés financiers (AMF) on 5 November 2026. It will be open from 9 to 20 November 2026.

If, at the close of the offer, the number of shares not tendered to the offer does not represent more than 10% of the share capital and voting rights of Lexibook, Doodle will request the implementation of a squeeze-out procedure.

McDermott Will & Schulte previously advised the Le Cottier family and Doodle in 2024 on a first tender offer for Lexibook.

The McDermott Will & Schulte team on this transaction comprised Guillaume Kellner, partner, and Henri Nalbandyan, associate, on capital markets aspects, and Stanislas Chenu, counsel, and Liam Erraghni, associate, on financing aspects.