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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