technotrans SE

M&A Activity • Jan 30, 2004

News Details

Ad-hoc | 30 January 2004 07:59

TECHNOTRANS ANNOUNCES LETTER OF INTENT WITH BALDWIN HAS BEEN TERMINATED

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– TECHNOTRANS ANNOUNCES LETTER OF INTENT WITH BALDWIN HAS BEEN TERMINATED technotrans AG announces that Baldwin Technology Company, Inc. has notified technotrans that at this time Baldwin no longer wishes to pursue the previously announced proposed sale of Baldwin to technotrans and that Baldwin has terminated the related letter of intent. On December 12, 2003, technotrans and Baldwin announced that the parties had entered into a non-binding letter of intent whereby technotrans would acquire all of the stock of Baldwin for $2.50 per share in cash. technotrans is not willing to pay more than $2.50 per share to acquire Baldwin. Contact: technotrans AG, Investor Relations, Thessa Roderig +49 2583 301 887 end of ad-hoc-announcement (c)DGAP 30.01.2004 ——————————————————————————– WKN: 744900; ISIN: DE0007449001; Index: NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300759 Jän 04