Fielmann AG — M&A Activity 2001

Sep 27, 2001

News Details

Ad-hoc | 27 September 2001 08:00

FAG Kugelfischer AG english

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Schweinfurt, 27. September 2001. At a meeting yesterday evening, the Supervisory Board of FAG Kugelfischer Georg Schäfer AG confirmed unilaterally its support for the Management Board of FAG. The Management Board rejects the hostile cash offer for FAG from INA Vermögensverwaltungsgesellschaft mbH. The offer does not reflect the inherent value of the company. The Management Board therefore recommends that all FAG shareholders reject the INA offer. In the best interests of shareholders, the Supervisory Board backed the FAG Management Board in its work on rapidly evaluating alternative strategic options. In accordance with Art. 18 of the takeover code, FAG will issue today its recent comment regarding its position with respect to the offer made by INA Vermögensverwaltungsgesellschaft mbH. FAG Kugelfischer Georg Schäfer AG The Management Board end of ad-hoc-announcement (c)DGAP 27.09.2001 ——————————————————————————– WKN: 575470; Index: M-DAX Listed: Amtlich Handel in Berlin, Düsseldorf, Frankfurt, München, Freiverkehr in Stuttgart, Hannover, Hamburg, Bremen 270800 Sep 01