Brief: Aareal Bank-Co, Atlantic Bidco Entered Into Investment Agreement

Aareal Bank AG

06/04/2022 22:18

April 6 (Reuters) - Aareal Bank AG  ARLG.DE :
    * DGAP-ADHOC: AAREAL BANK AG: CONCLUSION OF AN INVESTMENT
AGREEMENT AND WAIVER OF ONE-YEAR BLOCKING PERIOD FOR A RENEWED
TAKEOVER OFFER BY ATLANTIC BIDCO GMBH
    * AAREAL BANK-CO, ATLANTIC BIDCO ENTERED INTO INVESTMENT
AGREEMENT
TODAY, ATLANTIC BIDCO IS PREPARED TO SUBMIT RENEWED TAKEOVER
OFFER TO SHAREHOLDERS
    * AAREAL BANK - ACCORDING TO AGREEMENT, OFFER WILL PROVIDE
FOR
CASH OFFER PRICE OF EUR 33 PER SHARE
    * MINIMUM ACCEPTANCE LEVEL WILL BE 60%
    * FOLLOWING A SUCCESSFUL OFFER, THESE SHAREHOLDERS ARE
SUPPOSED TO
HOLD AN INDIRECT, AGGREGATE NON-VOTING STAKE OF UP TO 25% IN
BIDDER
    * AAREAL-ATLANTIC BIDCO RECEIVED IRREVOCABLE TENDER
COMMITMENTS
FROM PETRUS ADVISERS, TALOMON, TELEIOS, VESA, COVERING ABOUT 37%
OF ALL SHARES IN CO

Source text for Eikon:  ID:nEQ4ZJJ0ya 
Further company coverage:  ARLG.DE 

 ((Reuters.Brief@thomsonreuters.com;))