Siemens AG — M&A Activity 2004

Nov 8, 2004

News Details

Ad-hoc | 8 November 2004 08:00

Siemens acquires Victory Industriebeteiligung AG

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Siemens acquires Victory Industriebeteiligung AG and prepares takeover bid for VA Tech Siemens AG Oesterreich has signed on Nov. 7, 2004 an agreement to acquire Austria’s Victory Industriebeteiligung AG. Directly and indirectly, Victory holds a roughly 16% stake in VA Technologie AG (VA Tech). As a result of the Victory acquisition, Siemens has informed the boards of VA Tech, the boards of Oesterreichische Industrie Holding AG (OIAG) and the Austrian government that it will participate in VA Tech’s capital increase which is expected later this month. Furthermore, Siemens has informed the Austrian takeover panel about its plans to shortly submit a voluntary takeover bid for all of VA Tech outstanding shares. “The offer price of EUR55 per share is a very fair offer which also takes into account the recent share’s price development of VA Tech,” said Heinrich v. Pierer, President and CEO. end of ad-hoc-announcement (c)DGAP 08.11.2004 ——————————————————————————– WKN: 723610; ISIN: DE0007236101; Index: DAX, EURO STOXX 50 Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam; Brüssel; London; Paris; New York; Zürich 080800 Nov 04