thyssenkrupp AG — M&A Activity 2006

Jan 23, 2006

News Details

Ad-hoc | 23 January 2006 22:03

ThyssenKrupp AG:OFFER FOR THE ACQUISITION OF DOFASCO WILL NOT BE INCREASED

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— THYSSENKRUPP WILL NOT INCREASE ITS C$68 PER SHARE OFFER TO PURCHASE DOFASCO The Executive Board of ThyssenKrupp AG has decided not to submit a higher offer to purchase the Canadian steel manufacturer Dofasco Inc., as an offer of more than C$68 per share would go beyond the point of creating economic value. ThyssenKrupp is thus waiving its “right to match”. The time limit for this ends today 24 hrs EST/Tuesday, January 24, 2006, 6 hrs CET. ThyssenKrupp’s offer to buy Dofasco’s shares at C$68 per share expires January 26, 2006. Then, if the transaction fails to come about, ThyssenKrupp will receive a break fee of C$215 million. ThyssenKrupp will systematically implement the global growth strategy of its Steel segment. The first step is the resolved construction of a 4.4 million metric ton capacity slab plant at the low-cost coastal location of Sepetiba in Brazil. When presenting the plans to build a slab plant in Brazil, ThyssenKrupp announced that part of the capacity would be used as starting material for realizing its strategy in North America. Besides the acquisition of Dofasco, the alternative planning scenarios are a “new mill” or “alliances”. After giving up the Dofasco option, ThyssenKrupp will now further pursue these alternatives. Please address questions to Dr. Jürgen Claassen (Communications and Strategy, Phone +49 211 824-36001) and Gundolf Moritz (Investor Relations, Phone +49 211 824-36464). ThyssenKrupp AG August-Thyssen-Str. 1 40211 Düsseldorf Deutschland ISIN: DE0007500001 (DAX) WKN: 750000 Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); London; weitere Informationen im Internet unter Investor Relations: Anleihen / Creditor Relations End of ad hoc announcement (c)DGAP 23.01.2006