M&A Activity • Mar 9, 2011
M&A Activity
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News Details
Takeover Bids | 9 March 2011 07:50
Takeover Offer;
Target company: Tognum AG; Bidder: Siebte Vermögensverwaltungsgesellschaft Zeus mbH
Dissemination of an announcement according to the German Securities
Acquisition and Takeover Act (WpÜG), transmitted by DGAP – a company of
EquityStory AG.
The bidder is solely responsible for the content of this announcement.
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Siebte Vermögensverwaltungsgesellschaft Zeus mbH
Publication of the decision to launch a public takeover offer in accordance
with section 10 para. 1 sentence 1 in conjunction with sections 29 para. 1
and 34 of the German Securities Acquisition and Takeover Act
(Wertpapiererwerbs- und Übernahmegesetz (WpÜG))
Bidder:
Siebte Vermögensverwaltungsgesellschaft Zeus mbH
Epplestraße 225
70567 Stuttgart
Germany
registered in the commercial register of the local court of Stuttgart under
HRB 736842.
Target company:
Tognum AG
Maybachplatz 1
88045 Friedrichshafen
Germany
ISIN: DE000A0N4P43
registered in the commercial register of the local court of Ulm under HRB
On 9 March 2011, Siebte Vermögensverwaltungsgesellschaft Zeus mbH decided
to submit a voluntary public takeover offer to the shareholders of Tognum
AG (‘Tognum’) to acquire their bearer shares in Tognum with no par value,
each representing a pro rata amount of the registered share capital of EUR
1.00 per share (‘Tognum-Shares’), against payment of a cash consideration
of EUR 24.00 per Tognum-Share.
The offer document and further information relating to the public takeover
offer will be published on the internet at www.engineholding-angebot.de.
Further Information
Siebte Vermögensverwaltungsgesellschaft Zeus mbH, a company newly
established for conducting the transaction, is jointly held by Daimler AG
(‘Daimler’) and Vinters International Limited, an indirect subsidiary of
Rolls-Royce Group plc. Daimler, through a wholly-owned subsidiary, is
holding 28.4% of the currently issued Tognum-Shares, which the Daimler
subsidiary undertook to tender into the takeover offer.
The takeover offer will be made in particular subject to clearance by
competent merger control authorities and achievement of a minimum
acceptance rate of at least 50 % plus 1 Tognum-Share (including the 28.4%
stake in Tognum to be tendered by the Daimler subsidiary). Apart from this,
the offer will be made on and subject to the terms and conditions to be set
out in the offer document.
Important information:
This announcement is neither an offer to purchase or sell, nor a
solicitation of an offer to sell or purchase, shares. The final terms and
further provisions regarding the public takeover offer will be communicated
in the offer document after the publication has been approved by the German
Federal Financial Supervisory Authority (BaFin). Siebte
Vermögensverwaltungsgesellschaft Zeus mbH reserves the right to change
terms and conditions of the offer to the extent legally permissible.
Investors and shareholders of Tognum are strongly advised to read the offer
document as well as all other documents in connection with the public offer
as soon as these are published, since these will contain important
information.
Stuttgart, 9 March 2011
Siebte Vermögensverwaltungsgesellschaft Zeus mbH
End of WpÜG announcement
09.03.2011DGAP’s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart
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