M&A Activity • Jul 13, 2012
M&A Activity
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Takeover Bids | 13 July 2012 11:35
Takeover Offer;
Target company: WMF Württembergische Metallwarenfabrik AG; Bidder: Blitz 12-463 GmbH (zukünftig firmierend unter Finedining Capital GmbH)
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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Amendment to the Announcement of the Decision to Make a Voluntary Public
Takeover Offer (freiwilliges öffentliches Übernahmeangebot) pursuant to
Section 10 para. 1 in conjunction with Sections 29, 34 of the German
Securities Acquisition and Takeover Act (Wertpapiererwerbs- und
Übernahmegesetz – ‘WpÜG’)
Bidder:
Blitz 12-463 GmbH (to be renamed Finedining Capital GmbH)
c/o Hengeler Mueller
Leopoldstraße 8-10
80802 München
Germany
registered in the commercial register of the local court (Amtsgericht) of
Munich under HRB 199653
Target:
WMF Württembergische Metallwarenfabrik Aktiengesellschaft
Eberhardstrasse 17-47
73309 Geislingen an der Steige
Germany
registered in the commercial register of the local court (Amtsgericht) of
Ulm under HRB 540215
ISIN: DE0007803009 and DE0007803033 (WKN 780300 and 780303)
On 6 July 2012, Blitz 12-463 GmbH (to be renamed in Finedining Capital
GmbH) (the ‘Bidder’), a holding company controlled by funds advised by
Kohlberg Kravis Roberts & Co. L.P., announced its decision to make a
voluntary public takeover offer to the shareholders of WMF Württembergische
Metallwarenfabrik Aktiengesellschaft to acquire their ordinary bearer
shares in WMF Württembergische Metallwarenfabrik Aktiengesellschaft, each
representing a pro-rata amount of the share capital of EUR 2.56 (the ‘WMF
Ordinary Shares’), and their preference bearer shares in WMF
Württembergische Metallwarenfabrik Aktiengesellschaft, each representing a
pro-rata amount of the share capital of EUR 2.56 (the ‘WMF Preference
Shares’), against payment of a cash consideration of EUR 47.00 per WMF
Ordinary Share and against a cash consideration equal to the
volume-weighted average domestic stock exchange price of the WMF Preference
Shares during the last three months prior to the date of the announcement
of its decision to make such voluntary public takeover offer on 6 July
2012, but in any case not less than EUR 31.70 per WMF Preference Share (the
‘Takeover Offer’).
Today, the German Federal Financial Supervisory Authority (Bundesanstalt
für Finanzdienstleistungsaufsicht) has informed the Bidder that the
volume-weighted average domestic stock exchange price of the WMF Preference
Share during the last three months prior to the date of the announcement of
its decision to make the Takeover Offer on 6 July 2012 amounts to EUR
31.80. Therefore, the Bidder will offer to acquire the WMF Preference
Shares under the Takeover Offer against payment of a cash consideration of
EUR 31.80 per WMF Preference Share.
The offer document and further information relating to the Takeover Offer
will be published on the internet at www.finediningcapital-offer.com.
Further Information:
The Takeover Offer will be made subject to the clearance by the cartel
authorities. Apart from this, the Takeover Offer will be made on and
subject to the terms and conditions to be set out in the offer document.
Important Notice:
This announcement is neither an offer to purchase nor a solicitation of an
offer to sell shares of WMF Württembergische Metallwarenfabrik
Aktiengesellschaft. The definite terms and conditions of the Takeover
Offer, as well as further provisions concerning the Takeover Offer, will be
published in the offer document only after the German Federal Financial
Supervisory Authority has granted permission to publish the offer document.
Investors and holders of shares in WMF Württembergische Metallwarenfabrik
Aktiengesellschaft are strongly advised to read the offer document and all
other relevant documents regarding the Takeover Offer when they become
available, since they will contain important information.
Munich, 13 July 2012
Blitz 12-463 GmbH (to be renamed Finedining Capital GmbH)
———————
Listed: Regulated Market (Regulierter Markt) in Frankfurt (General
Standard) and Stuttgart, unofficial dealings (Freiverkehr) in Berlin,
Düsseldorf, Hamburg, Munich
End of WpÜG announcement
13.07.2012DGAP’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 (General Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
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