Detmold, 20 May 2014. Electronics specialist Weidmüller has today published the offer document for its public takeover offer to acquire all shares of R. STAHL AG. Effective immediately, shareholders of R. STAHL AG can tender their shares at a price of EUR 47.50 in cash per share. To do so, they should give written notice to their respective custodian bank. The acceptance period will end at midnight (CET) on 17 June 2014.
The offer consideration of EUR 47.50 in cash corresponds to a premium of 47.9 percent compared with the stock market price on the day before the takeover offer was announced.
The persuasive industrial logic of a combination of two successful German companies would create a larger company that would be even better positioned to compete internationally. Their established product portfolios supplement each other ideally in process and energy technology, helping both companies to attain their medium- to long-term growth targets. In Weidmüller's opinion, a combination would already generate quite specific short-term benefits such as tangible economies of scale and higher capacity utilisation. A combination of both companies could also make them more independent of business cycles. Together, Weidmüller and R. STAHL could efficiently develop, produce and market system solutions and components, as well as expand into further countries.
The combination would represent a combination of two successful family-owned companies – to the benefit of customers, employees and locations.
The takeover offer is subject to the condition that it reaches a minimum acceptance ratio of 50 percent (plus one share) of the exercisable voting rights of R. STAHL AG, and to the approval by the German Federal Anti-Trust Authority (Bundeskartellamt). The offer document was prepared on the basis of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz/WpÜG) and approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht/BaFin). The offer document (in German and English) can now be downloaded from www.weidmueller-angebot.de.
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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