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Value8 N.V. — M&A Activity 2008
Jul 3, 2008
3893_iss_2008-07-02_ddad96d7-d5ff-4d40-b979-028f51c0aa4f.pdf
M&A Activity
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PRESS RELEASE Ede, 2 July 2008
EXENDIS SUCCESSFULLY CLOSES MANAGEMENT BUY-OUT
EXENDIS N.V. announces that it has successfully finalised the management buy-out of its active operating companies, after having received shareholder approval during the Extraordinary Meeting of Shareholders held 23 June 2008.
Now the management buy-out is completed, EXENDIS N.V. is still conducting talks with parties on a possible public offer for the shares in EXENDIS N.V. Should there not follow a public offer, the liquidation of the company will be put before the shareholders in a subsequent EGM to be convened. The Executive Board and Supervisory Board aim to complete a public offer or liquidation before 31 December 2008.
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Profile
EXENDIS NV (founded in 1939) is listed on Euronext Amsterdam NV. EXENDIS focuses its core activities of energy conversion and reliable energy supply on the sectors Mobility, Infrastructure and sustainable energy:
Energy Systems Mobility produces a broad product range of technologically high-grade battery chargers, including security and management systems, for traction batteries.
Energy Systems Infrastructure develops client-specific solutions for supplies in the sectors Transport, Energy distribution, Yacht building and Defence.
EXENDIS Renewable Energy BV was founded in 2002 and focuses on the realisation and sale of inverters for applications including solar panels.
For further information, please contact:
Mr F. van Westen Tel.: + 31 (0)318-676111