Axel Springer SE plans delisting / KKR announces public
Delisting acquisition offer for Axel Springer shares
Berlin (ots) – Axel Springer SE plans to withdraw from the stock exchange
(Delisting).
Before the acceptance period of the
Delisting purchase offer
Application made to the Frankfurt Stock Exchange.
The withdrawal from the regulated market in Frankfurt
Stock exchange begins
previous public delisting purchase offer to shareholders
the Axel
Springer SE ahead so that shareholders can buy their shares before
Setting the
Can still sell stock exchange listing. KKR is according to one today
with the Axel
Springer SE concluded such an agreement with
one
Submit a cash offer price of EUR 63 per Axel Springer share.
This
Consideration corresponds to the offer price below the previous one
public takeover bid that was closed in December 2019.
KKR has been forming since the previous takeover offer was completed
together with
Friede Springer and Mathias Döpfner a consortium led by Axel Springer
together
further. As part of the public
Delisting purchase offer will be
Friede Springer and Mathias Döpfner, the direct and indirect
together around 45.4
Hold percent of Axel Springer’s share capital, none of them
directly or
sell indirectly held shares.
To support the long-term growth strategy, Axel
Springer and
KKR 2019 an investor agreement with the aim of a
strategic
Partnership concluded. KKR has by way of a public
Takeover offer and accompanying acquisitions totaling around 44.9
Percent of
Axel Springer shares acquired. Already in the offer document from
July 5, 2019
had announced KKR, the other members of the consortium and
the board
the Axel Springer SE propose that the Axel Springer SE after
successful
Takeover offer will be delisted.
The Management Board and the Supervisory Board become public
Delisting acquisition offer from
KKR issue a reasoned opinion.
Press contact:
Bianca-Maria Dardon Mota
+49 30 2591 77641
Further material: https://www.presseportal.de/pm/6338/4500976
OTS: Axel Springer SE
ISIN: DE0005501357
ISIN DE0005501357
AXC0337 2020-01-23 / 22:45
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