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.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Bernd Marx (CFO)
Nathalie Dirian (Investor Relations)
Email: [email protected]
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
|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|