M&A Activity • Aug 30, 2010
M&A Activity
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News Details
Takeover Bids | 30 August 2010 07:30
Takeover Offer;
Target company: SMARTRAC N.V.; Bidder: OEP Technologie B.V.
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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Publication of the decision to launch a public takeover offer in accordance
with § 10 para. 1 in conjunction with § 34 and § 1 para. 3 of the German
Securities Acquisition and Takeover Act
Bidder:
OEP Technologie B.V.
Strawinskylaan 1135 WTC T B
1077 XX Amsterdam
The Netherlands
registered with the commercial register (Kamer van Koophandel) of Amsterdam
under register number 50528432
Target Company:
SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
The Netherlands
registered with the commercial register (Kamer van Koophandel) of Amsterdam
under register number 34241345
ISIN: NL0000186633
The offer document will be published on the internet at
http://www.oeptechnologie.nl upon approval by the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).
Information of the Bidder:
Today, OEP Technologie B.V. (the ‘Bidder’) has made the decision to offer
to the shareholders of SMARTRAC N.V. (hereinafter also referred to as the
‘Target Company’) to acquire their shares of SMARTRAC N.V., each
representing a pro rata amount of the registered share capital
(Grundkapital) of EUR 0.50 per share, by way of a voluntary public takeover
offer against payment of a cash consideration of EUR 20.00 per share.
The completion of the takeover offer will only be subject to the conditions
of anti-trust clearances and the issue of a clearance certificate by the
German Federal Ministry of Economics and Technology (Bundesministerium für
Wirtschaft und Technologie) and will, in particular, not be subject to a
minimum acceptance level. Apart from this, the offer will be made on and
subject to the terms and conditions yet to be communicated in the offer
document.
The Bidder, a company newly established for the completion of the
transaction, is an indirect subsidiary of One Equity Partners IV, L.P. with
registered office in New York, U.S.A. (http://www.oneequity.com).
Important information: This announcement neither represents an offer to
purchase or sell nor a solicitation of an offer to purchase or sell shares
in the Target Company. The final terms and conditions of the offer will be
published in the offer document after the approval by the German Federal
Financial Supervisory Authority. Investors and holders of shares in the
Target Company are strongly advised to read any relevant documents in
connection with the takeover offer as soon as such documents will be
published as they will contain important information.
Amsterdam, 30. August 2010
OEP Technologie B.V.
End of WpÜG announcement(c)DGAP 30.08.2010
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Listed: Regulierter Markt Frankfurt (Prime Standard); Freiverkehr Berlin,
Düsseldorf, München, Stuttgart
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