Brief: Allerthal Werke To Submit A Purchase Offer

Allerthal Werke AG

18/05/2020 15:16

May 18 (Reuters) - ALLERTHAL WERKE AG  ATWG.BE :
    * TO SUBMIT A PURCHASE OFFER TO THE RESPONDENT IN THE
JUDICIAL
APPRAISAL PROCEEDINGS TO EXCLUDE THE MINORITY SHAREHOLDERS OF
AXA KONZERN AG
    * OFFER IS AIMED AT PURCHASE AND TRANSFER OF RIGHTS TO
RECTIFICATION WHICH AROSE FOLLOWING EXCLUSION OF MINORITY
SHAREHOLDERS OF AXA KONZERN AG WHICH TOOK EFFECT IN JULY 2007
    * TOTAL PURCHASE PRICE WILL AMOUNT TO AROUND EUR 2.5 MILLION
PLUS
INTEREST OF OF AROUND 1.5 MILLION EURO
    * OFFERS THE RESPONDENT RIGHTS TO RECTIFICATION FROM 58,528
ORDINARY SHARES AND 18,900 PREFERENCE SHARES OF AXA KONZERN AG
FOR PURCHASE BEFORE THE LEGALLY BINDING CONCLUSION OF THE
JUDICIAL APPRAISAL PROCEEDINGS
    * OFFER TO PURCHASE FROM DEFENDANT IN ALL PROBABILITY   
WILL BE
ADOPTED IN THE FIRST HALF OF 2020

Source text for Eikon:  ID:nEQ4f7fYRa 
Further company coverage:  ATWG.BE 

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