Dürr AG — M&A Activity 2000

Apr 14, 2000

News Details

Ad-hoc | 14 April 2000 08:05

Ad hoc-Service: Dürr AG engl.

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— Public purchase offer (compulsory offer) of Dürr AG to the external shareholders of Carl Schenck AG, Darmstadt, for Euro 120 per unit share (no par value) The purchase offer is valid from April 18, 2000 – May 26, 2000. After the acquisition of 76.4 % of the share capital of Carl Schenck AG, Darmstadt (WKN 717170), Dürr AG, Stuttgart, will – as stipulated by article 16 of the acquisition rules of the committee of stock exchange experts – submit an offer to all shareholders of Carl Schenck AG to acquire their shares for a price of EUR 120 per unit share (no par value). The term of validity for the purchase offer begins on April 18 and ends on May 26, 2000. The Board of Management and the Supervisory Board of Carl Schenck AG will propose the payment of a dividend of DM 7.50 per unit share at the shareholders’ meeting. This dividend was considered in the valuation of the acquisition offer. The contract for the purchase of the Carl Schenck shares can be concluded after the acceptance of the purchase offer by the Carl Schenck shareholders. The formalities will be handled by the depositary banks with the assistance of Deutsche Bank AG. Details will be announced in the next few days by a publication of the purchase offer in the “Bundesanzeiger” (federal register), the “Börsenzeitung” (financial paper), the “Frankfurter Allgemeine Zeitung” and the “Darmstädter Echo”. Please contact Gerhard Zaiss Dürr AG Corporate Communication Tel.: 00 49 – 7 11 – 1 36 10 95 Fax. 00 49 7 11 – 1 36 17 16 E-Mail: corpcom@durr.com Ende der Mitteilung