Fnac falls after 'narrow victory' in Unieuro tender offer
** Shares of Fnac Darty FNAC.PA fall 4.7% after its tender offer crossed the minimum threshold to acquire electronics distributor Unieuro UNIR.MI, whose shares rise 3.6%
** The French retailer presented the preliminary results of the offer on Friday, saying it aimed to buy additional 67.1% in the Italian company, building on the 4.4% it already owns
** Broker Midcap Research calls the results a "narrow victory" that means Fnac will be able to take down Unieuro's listing
** "This is therefore a partial success for the group, which just barely exceeded the minimum threshold. The founding family of Unieuro deemed the offer too low," the broker adds
** Fnac will open a new offer period from Nov. 4-8 to allow Unieuro's remaining shareholders to tender their shares
Reporting by Nathan Vifflin
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