Brief: Ado Properties Offers To Buy Adler Real Estate

Adler Real Estate AG

15/12/2019 16:34

Dec 15 (Reuters) - ADO Properties SA:
    * ADO PROPERTIES - INTENDS TO OFFER 0.4164 NEW SHARES IN ADO
PROPERTIES AS CONSIDERATION IN EXCHANGE FOR EACH TENDERED SHARE
OF ADLER
    * ADO PROPERTIES - CO TO ACQUIRE THEIR ORDINARY SHARES WITH
NO PAR
VALUE IN ADLER
    * ADO PROPERTIES - OFFERED ADO PROPERTIES SHARES SHALL BE
CREATED
BY WAY OF CAPITAL INCREASE BY EXERCISING AUTHORIZED CAPITAL OF
ADO PROPERTIES
    * ADO PROPERTIES - IN CONNECTION WITH OFFER, CO, ADLER
ENTERED
INTO A BUSINESS COMBINATION AGREEMENT
    * ADO PROPERTIES - ADLER'S MANAGEMENT AND SUPERVISORY BOARD
WILL
RECOMMEND ACCEPTANCE OF OFFER BY SHAREHOLDERS OF ADLER
    * ADO PROPERTIES - ENTERED IRREVOCABLE UNDERTAKINGS WITH
MAJOR
SHAREHOLDERS OF ADLER WHEREBY SUCH SHAREHOLDERS COMMITTED
THEMSELVES VIS-À-VIS ADO

Source text for Eikon:  ID:nEQ5S7NbBa 
Further company coverage:  ADLG.DE  

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