R. Stahl AG / Key word(s): Statement
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
- Value of the R. STAHL share is significantly in excess of the offer price
- Takeover is not in the interest of the company
Waldenburg, 2 June 2014. The Management Board and the Supervisory Board of R. STAHL AG have today published their Joint Reasoned Statement pursuant to Article 27 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. The Management Board and the Supervisory Board of R. STAHL believe that the offer price is not appropriate in financial terms.
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)
e-mail: [email protected]
End of Corporate News
02.06.2014 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
|Company:||R. Stahl AG|
|Am Bahnhof 30|
|Phone:||+49 (7942) 943-0|
|Fax:||+49 (7942) 943-4333|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München|
|End of News||DGAP News-Service|