Brief: Atlantic BidCo Decided To Submit Voluntary Public Takeover Offer To Aareal Bank

Aareal Bank AG

23/11/2021 06:27

Nov 23 (Reuters) - AAREAL BANK AG  ARLG.DE :
    * TAKEOVER OFFER / TARGET COMPANY: AAREAL BANK AG; BIDDER:
ATLANTIC BIDCO GMBH
    * FOR EACH SHARE OF COMPANY TENDERED TO BIDDER, BIDDER WILL
OFFER
EUR 29.00 IN CASH ("OFFER PRICE") AS CONSIDERATION
    * ATLANTIC BIDCO GMBH ("BIDDER"), DECIDED TO SUBMIT A
VOLUNTARY
PUBLIC TAKEOVER OFFER IN FORM OF A CASH OFFER TO SHAREHOLDERS OF
AAREAL BANK AG ("COMPANY")
    * WITH ITS REGISTERED OFFICE IN WIESBADEN, GERMANY, TO
ACQUIRE ALL
NO-PAR VALUE BEARER SHARES IN COMPANY, EACH WITH A NOTIONAL
INTEREST IN SHARE CAPITAL OF EUR 3.00
    * HAS WITHDRAWN PROPOSAL TO RESOLVE ON FURTHER DISTRIBUTION
OF
PROFITS IN EXTRAORDINARY GENERAL MEETING CONVENED FOR DECEMBER
9, 2021
    * NO FURTHER DIVIDEND FOR FINANCIAL YEAR 2020 IS PAID OR
DECLARED
TO SHAREHOLDERS OF COMPANY
    * BIDDER ASSUMES THAT COMPANY WILL NOT DISTRIBUTE ANY
DIVIDENDS
UNTIL CLOSING OF OFFER
    * IF A DIVIDEND IS NEVERTHELESS RESOLVED BY SHAREHOLDERS'
MEETING,
ACCEPTING SHAREHOLDERS SHALL, SUBJECT TO CLOSING OF OFFER, AS
DESCRIBED IN MORE DETAIL IN OFFER DOCUMENT, ASSIGN TO BIDDER ANY
DIVIDEND CLAIMS ARISING IN 2022 UNTIL CLOSING OF OFFER

Source text for Eikon:  ID:nEQ4Lv6hta 
Further company coverage:  ARLG.DE 

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