R. Stahl AG: Management Board and Supervisory Board recommend not to accept the takeover offer by Weidmüller / Offer price is not appropriate in financial terms and the takeover is not in the interest of the company

R. STAHL AG: Management Board and Supervisory Board recommend not to accept the takeover offer by Weidmüller

R. Stahl AG / Key word(s): Statement

 

02.06.2014 14:56

 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted

by DGAP - a company of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

 

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R. STAHL AG: Management Board and Supervisory Board recommend not to accept

the takeover offer by Weidmüller / Offer price is not appropriate in

financial terms and the takeover is not in the interest of the company

 

Waldenburg, 02 June 2014. The Management Board and the Supervisory Board

of R. STAHL AG publish today their Joint Reasoned Statement pursuant to the

Article 27 Securities Trading Act (WpÜG) on the offer made by Weidmüller

Beteiligungsgesellschaft mbH on 20 May 2014. In this statement, they

unanimously recommend that the shareholders of R. STAHL do not accept this

takeover offer and do not tender their R. STAHL shares. Management and

Supervisory Board of R. STAHL believe that the offer price is not

appropriate in financial terms. This assessment has been confirmed by an

Inadequacy Opinion provided by audit and tax consultancy firm Ebner Stolz

GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft.

In their opinion, Ebner Stolz assess the equity value per R. STAHL share as

significantly in excess of the offer price.

 

The Management Board and the Supervisory Board are of the opinion that the

takeover offer is not in the interest of R. STAHL, R. STAHL shareholders

and the employees of the R. STAHL Group. No Member of the Management or the

Supervisory Board who holds shares in R. STAHL intends to accept the

takeover offer. R. STAHL will also not accept the takeover offer for the

treasury shares it currently holds (10% of all shares in R. STAHL).

 

The full Reasoned Statement by the Management Board and the Supervisory

Board will be posted today on the Internet at www.stahl.de in the

"Investor Relations" section and will be published by announcement in the

Federal Gazette (Bundesanzeiger). It is also available for issue and

receipt free of charge at R. STAHL AG, Am Bahnhof 30, 74638 Waldenburg,

Germany (order by fax to

+49 7942 943 401395 giving full details of address).

 

 

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Information and Explaination of the Issuer to this News:

 

For further information:

 

R. STAHL AG

Am Bahnhof 30, 74638 Waldenburg (Württ. )

 

Bernd Marx (CFO)

Phone: +49 7942 943-1271

 

Nathalie Dirian (Investor Relations)

Phone: +49 7942 943-1395

 

e-mail: [email protected]

 

02.06.2014 DGAP's Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de

 

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Language: English

Company: R. Stahl AG

Am Bahnhof 30

74638 Waldenburg

Germany

Phone: +49 (7942) 943-0

Fax: +49 (7942) 943-4333

E-mail: [email protected]

Internet: www.stahl.de

ISIN: DE000A1PHBB5

WKN: A1PHBB

Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;

Freiverkehr in Berlin, Düsseldorf, Hamburg, München

 

End of Announcement DGAP News-Service

 

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