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TAG Immobilien AG — M&A Activity 2012
Feb 7, 2012
425_rns_2012-02-07_579111f3-16e1-4264-a6dd-05982c87b0e0.html
M&A Activity
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Corporate | 7 February 2012 18:39
TAG Immobilien AG: TAG Immobilien AG announces a takeover bid to outside shareholders of Bau-Verein zu Hamburg Aktien-Gesellschaft
TAG Immobilien AG / Key word(s): Miscellaneous
07.02.2012 / 18:39
(Hamburg, 07 February 2012) - TAG Immobilien AG ('TAG' in the following)
today announced its decision to extend a takeover bid to the minority
shareholders of Bau-Verein zu Hamburg Aktien-Gesellschaft (WKN/SIN 517900,
ISIN DE0005179006) ('Bau-Verein' in the following), in the amount of EUR
4.50 per share. Bau-Verein shareholders can tender their shares to TAG for
EUR 4.50 per share during the offer period, 10 February to 9 March 2012.
TAG Immobilien AG is longstanding major shareholder and currently owns
93.21 percent of the voting rights in Bau-Verein. Details of the offer will
automatically be sent to all Bau-Verein shareholders soon by the custodian
banks. The offer, which will be published in the electronic edition of the
Bundesanzeiger on 10 February, is not subject to the provisions of the WpÜG
(German Securities Acquisition and Takeover Act).
You may also view the takeover offer on the TAG website at www.tag-ag.com
and that of Bau-Verein at www.bau-verein.de.
About TAG Immobilien AG:
TAG Immobilien AG (TAG) is a publicly listed real-estate company with a
125-year history. The SDAX-listed company currently has a market cap of
approx. EUR 450 million. Its primary businesses are residential and
commercial properties in German metropolises, as well as property-related
services. Through active asset management and targeted inventory
development, TAG gradually leverages existing potential, which optimises
the rental profits and increases the value of the portfolio. Above and
beyond this, TAG's business strategy focuses on continued growth. Here, the
company focuses on sites where it already has investments, such as Berlin,
Hamburg, Leipzig, NRW and Salzgitter, so that asset and property management
for the newly acquired properties can be handled with existing resources.
Press enquiries:
TAG Immobilien AG
Investor & Public Relations
Britta Lackenbauer / Dominique Mann
Phone +49 40 380 32 0
Fax +49 40 380 32 390
[email protected]
End of Corporate News
07.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: [email protected]
Internet: http://www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of News DGAP News-Service
155754 07.02.2012