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Project Neptune Bidco Announces Takeover Offer for Nexus AG

Stock price chart of NEXUS AG (EBR:NXU) showing fluctuations.

On November 5, 2024, SCUR-Alpha 1766 GmbH, soon to be known as Project Neptune Bidco GmbH, announced a voluntary public takeover offer for Nexus AG. This move comes under the German Securities Acquisition and Takeover Act. The bidder, managed by TA Associates Management's affiliates, aims to acquire all Nexus AG shares at EUR 70.00 per share.

The offer seeks a minimum acceptance of 50% plus one share of all issued Nexus shares, subject to merger and foreign investment control approvals. Irrevocable undertakings from certain Nexus shareholders cover 26.98% of voting rights and 26.92% of Nexus's share capital.

Details of the offer will be disclosed in the official offer document once approved by German authorities. This offer is governed by German laws but also considers relevant U.S. securities regulations.

R. P.

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