PARIS, March 23 (Reuters) - Shares (Berlin: DI6.BE - news) in French home improvement retailer Mr Bricolage were suspended on Monday at the request of the company and pending the release of a statement, Euronext (Lisbon: ENX.LS - news) said on Monday.
Kingfisher said it had entered exclusive negotiations with Mr Bricolage's two main shareholders to buy their shareholding for 15 euros a share subject to anti-trust clearance. It said the enterprise value of the deal was 275 million euros ($297 million).
Subsequently Kingfisher was to make a mandatory offer to buy Mr Bricolage shares held by minority shareholders.
Mr Bricolage said earlier this month that the deal with the major shareholders had been submitted to anti-trust authorities on Jan. 26 and that the clearance process was under way.
Mr Bricolage and Kingfisher could not be immediately reached for comment.
Mr Bricolage shares closed at 14.50 euros on March 20 valuing the coompany's stock at 150 million euros.
($1 = 0.9273 euros) (Reporting by Dominique Vidalon; Editing by Andrew Callus)