Somfy’s Controlling Despature Family Said to Mull Buyout Bid (2)

France’s Despature family is considering a deal to take Paris-listed building products company Somfy SA private, people familiar with the matter said.

The family, which owns a majority stake in Somfy, has been working with advisers to explore a potential bid to buy out minority shareholders, the people said, asking not to be identified discussing confidential information. A deal could be announced as soon as the next few days if they’re able to reach an agreement on terms, the people said.

A transaction would allow them to take advantage of a 33% fall in the value of Somfy’s shares over ...