from Vitesco Technologies Group AG
Schaeffler AG publishes offer document for unsolicited tender offer for Vitesco Technologies Group AG
EQS-News: Vitesco Technologies Group AG
/ Key word(s): Takeover/Mergers & Acquisitions
Schaeffler AG publishes offer document for unsolicited tender offer for Vitesco Technologies Group AG
15.11.2023 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Regensburg, November 15, 2023. Vitesco Technologies acknowledges that Schaeffler today published the offer document for the unsolicited voluntary public tender offer for Vitesco Technologies. The Executive Board and Supervisory Board of Vitesco Technologies will comprehensively assess the offer document taking into account the interests of all stakeholders and publish a reasoned statement on the offer in due course.
The Executive Board and the independent Special Committee of the Supervisory Board will determine whether the price offered by Schaeffler is financially adequate for all shareholders. Vitesco Technologies notes that several shareholders have publicly stated that the offered price of €91 per share is inadequate given Vitesco Technologies’ value and attractive growth prospects as an independent company.
It is further the intention of the Vitesco Technologies boards to ensure that the success factors of Vitesco Technologies will be maintained and protected in any potential future corporate structure. Vitesco Technologies is therefore in talks with Schaeffler on the parameters of a potential business combination.
Contact for investors
Heiko Eber
Leiter Investor Relations
Telefon +49 941 2031 72348
Heiko.Eber@vitesco.com
Contact for journalists
Simone Geldhäuser
Head of Media Relations
Tel: +49 (0)941 2031 61302
simone.geldhaeuser@vitesco.com
Press portal
https://www.vitesco-technologies.com/en-us/press-events/press
Investor portal
https://ir.vitesco-technologies.com/
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15.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: | English |
Company: | Vitesco Technologies Group AG |
Siemensstraße 12 | |
93055 Regensburg | |
Germany | |
Phone: | +49 941 2031 0 |
E-mail: | ir@vitesco.com |
Internet: | www.vitesco-technologies.com |
ISIN: | DE000VTSC017 |
WKN: | VTSC01 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1774295 |
End of News | EQS News Service |
1774295 15.11.2023 CET/CEST