Furthermore, the Federal Cartel Office today approved the proposed takeover by Weidmüller of R. STAHL AG. This marks an important milestone in the process.
"We are convinced that the business combination is in the best interest of R. STAHL. The combination with Weidmüller as a strong and internationally broadly-positioned partner supports the company in continuing to grow more independent of business cycles. For shareholders, the offer has now become even more attractive. Now, they have the unique opportunity to already realise the hoped-for value enhancement of future years," said Dr Peter Köhler, Chief Executive Officer of Weidmüller.
"Each individual shareholder should carefully consider his or her decision. Only if R. STAHL is open to change, the company will be able to sustainably secure and maintain what it already has, and remain successful. The courage to embrace change is a must – and this is even more true for long-term-oriented family-owned companies. R. STAHL needs the critical size required in the sector to maintain its long-term viability in the face of international competition. Together with Weidmüller, R. STAHL can tap additional market potential of EUR 500 million through a diversification of business areas. On a stand-alone basis, growth prospects for R. STAHL are worse – due to its existing cost structure, the expected long-term decline in its share price, and its ambitious own growth forecasts," said Dr Peter Köhler.
As a result of the modification to the offer, and in accordance with German takeover law, the acceptance period automatically extends by two weeks until 1 July 2014. The offer with its related documents (in German and English) is available for shareholders for downloading at www.weidmueller-angebot.de.
Contact: Marion M. Sommerwerck
Head of Corporate Communications
Phone: +49 (0)5231 14-291401
This notification constitutes neither an offer to purchase, nor an invitation to make an offer to sell shares in R. STAHL AG. The terms and conditions of the takeover offer, as well as further provisions regarding the takeover offer, are communicated in the offer document. Investors and holders of shares in R. STAHL AG are strongly recommended to read the offer document and all other related documents in connection with the takeover offer, since they will contain important information.
It is not allowed to publish, distribute, or pass on this press release, the offer document, a summary or other description of the provisions of the takeover offer, or other informative documents relating to the takeover offer, or any other documents connected with it, whether directly or indirectly, outside the Federal Republic of Germany, if and insofar as this breaches applicable foreign regulations, or is dependent on compliance with official procedures or the issuing of authorization, or fulfilling other prerequisites, and these not being present. The acceptance of the takeover offer outside the Federal Republic of Germany may be subject to legal systems other than that of the Federal Republic of Germany and to legal restrictions. Persons who have come into possession of the offer document outside the Federal Republic of Germany and who wish to accept the takeover offer outside the Federal Republic of Germany, and/or who are subject to legal regulations other than those of the Federal Republic of Germany, are requested to obtain information on the relevant applicable legal regulations and to comply with these.
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