M&A Activity • Jul 15, 2014
M&A Activity
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News Details
Takeover Bids | 15 July 2014 15:26
Takeover Offer;
Target company: Homag Group AG; Bidder: Dürr Technologies GmbH
Dissemination of an announcement according to the German Securities
Acquisition and Takeover Act (WpÜG), transmitted by DGAP – a company of
EQS Group AG.
The bidder is solely responsible for the content of this announcement.
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Offeror: Dürr Technologies GmbH
Carl-Benz-Straße 34
74321 Bietigheim-Bissingen
registered in the commercial register of the local court Stuttgart under
HRB 748980
Target company: Homag Group AG
Homagstraße 3-5
72296 Schopfloch
registered in the commercial register of the local court Stuttgart under
HRB 440649
Ordinary shares: ISIN DE0005297204
The shares of the target company are listed in the regulated market (Prime
Standard) of Frankfurt Stock Exchange and are traded in the over the
counter market (Freiverkehr) in Berlin, Düsseldorf, Hamburg, Hannover,
München and Stuttgart.
The offer document and other information relating to the takeover offer
will be published on the internet at:
http://www.durr.com/investor/acquisition-homag/
Dürr Technologies GmbH, a wholly owned subsidiary of Dürr AG, Stuttgart,
has decided on 15 July 2014 to offer to the shareholders of the target
company to acquire their no par value bearer shares in the target company,
with a notional nominal amount of EUR 1.00 each, by way of a voluntary
public takeover offer against a cash consideration of EUR 26.35 per share.
The offer will be made subject to the terms and conditions which are to be
set out in the offer document, in particular the approval by the relevant
antitrust authorities.
Several major shareholders have entered into share purchase agreements with
Dürr Technologies GmbH for the shares in the target company held by them;
this is equivalent to approximately 53.7% of the shares in the target
company. The closing of the share purchase agreements is subject to merger
control clearance by the relevant competition authorities. In addition, it
has been agreed that Dürr will accede, shortly before closing of the share
purchase agreement, to the existing voting pool of the Schuler family and
the Klessmann foundation with 3% of the shares, which are sold under the
share purchase agreement with the Schuler family and the Klessmann
foundation.
Important note: This announcement is neither an offer to buy nor an
invitation to submit an offer to sell shares of Homag Group AG. The final
terms of the takeover offer as well as further conditions relating to the
takeover offer will be announced in the offer document following the
approval of the publication of the offer document by the Federal Financial
Services Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht). Investors and holders of shares of Homag
Group AG are strongly advised to read the offer document as well as any
other documents relating to the offer as soon as they are published, as
they contain important information.
Bietigheim-Bissingen, 15 July 2014
Dürr Technologies GmbH
The management
Contact:
Dürr AG
Günter Dielmann/Mathias Christen
Corporate Communications & Investor Relations
Phone +49 7142 78-1785/-1381
Fax +49 7142 78-1716
E-Mail [email protected]
End of WpÜG announcement
15.07.2014DGAP’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 Frankfurt (Prime Standard), Freiverkehr Berlin,
Düsseldorf, Hamburg, Hannover, München und Stuttgart
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