Acceptance Period Begins for MiddleGround Capital’s Takeover of STEMMER IMAGING AG

The voluntary public takeover offer by MiddleGround Capital for STEMMER IMAGING AG shares has officially begun. The acceptance period, which starts today, will close on September 30, 2024. The offer document was published following approval by the German Federal Financial Supervisory Authority (BaFin).

Shareholders can tender their shares at a price of EUR 48.00 per share, representing a premium of approximately 52% to the closing price on July 19, 2024. The offer also exceeds the three-month volume-weighted average share price by around 41%. Details are available on the Bidder’s website.

The Management and Supervisory Board of STEMMER IMAGING AG support the transaction. There are no minimum acceptance thresholds, though standard closing conditions apply. Pending regulatory approvals, MiddleGround Capital plans to delist STEMMER IMAGING AG following the takeover.