Brief: Aareal Bank Recommends Accepting Takeover Offer Made By Atlantic BidCo

Aareal Bank AG

27/12/2021 10:18

Dec 27 (Reuters) - AAREAL BANK AG  ARLG.DE :
    * THE MANAGEMENT BOARD AND SUPERVISORY BOARD OF AAREAL BANK
RECOMMEND ACCEPTING THE TAKEOVER OFFER MADE BY ATLANTIC BIDCO
GMBH
    * MANAGEMENT BOARD AND SUPERVISORY BOARD OF AAREAL BANK DEEM
OFFER
TO BE ADVANTAGEOUS FROM A STRATEGIC PERSPECTIVE, AND CASH
CONSIDERATION OF EUR 29 PER SHARE TO BE FAIR
    * BASED ON THIS OFFER PRICE, AAREAL BANK GROUP IS VALUED AT
EUR
1.736 BILLION.
    * OFFER PRICE INCLUDES A PREMIUM OF AROUND 35 PER CENT ON
VOLUME-WEIGHTED AVERAGE XETRA PRICE OF AAREAL BANK SHARE OVER
LAST THREE MONTHS PRIOR TO 7 OCTOBER 2021
    * ACCEPTANCE PERIOD FOR OFFER HAS COMMENCED WITH PUBLICATION
OF
OFFER DOCUMENT ON 17 DECEMBER 2021, AND IS SCHEDULED TO EXPIRE
ON 19 JANUARY 2022, 24:00 HOURS CET

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

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