R. Stahl AG / Key word(s): Statement R. STAHL continues to reject Weidmüller's offer Waldenburg, June 13, 2014 - Management Board and Supervisory Board of R. STAHL AG have taken note of the amended takeover offer by Weidmüller. "Even the marginally revised offer price is still far from reflecting the share's true value. Shareholders should therefore not accept this offer, but benefit from the full potential of our company. Incidentally, it is not for the first time that we hear about an offer price of EUR 50 per share. Weidmüller suggested this price to the shareholders of the founding families in March 2014, who clearly rejected the offer back then. The shareholders of the founding families are committed to stand firmly by the company - irrespective of the offer price - and will therefore not sell their shares in view of the modified offer. For this reason, Weidmüller's offer is bound to ultimately fail on July 1, 2014," said Martin Schomaker, CEO of R. STAHL AG. Management Board and Supervisory Board of R. STAHL AG will express their opinion on the modified offer, as required by law, in detail next week. About R. STAHL - www.stahl.de R. STAHL is one of the world's leading suppliers of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in risk areas, and contribute to the safety of people, machines and the environment. The portfolio ranges from products used in switching/ distributing, installing, operating/monitoring, lighting and signalling/alarming, up to automation. Typical customers operate in growth industries, such as the oil & gas industry, the chemical and pharmaceutical industries and the food industry. In 2013, global revenues of EUR 304.4 million were generated with over 1,850 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5). For further information: R. STAHL AG Bernd Marx (CFO) Nathalie Dirian (Investor Relations) Email: [email protected] End of Corporate News 13.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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 News | DGAP News-Service |
| 273540 13.06.2014 |