Brief: Elliott Notes Speculation In Market Regarding Aryzta's Media Release

Aryzta AG

07/12/2020 16:22

Dec 7 (Reuters) - ELLIOTT CAPITAL ADVISORS LP  ECAL.UL :
    * ELLIOTT STATEMENT ON ARYZTA
    * NOTES SPECULATION IN MARKET REGARDING A MEDIA RELEASE
ARYZTA AG
("ARYZTA") HAS PUBLISHED THIS MORNING
    * ARYZTA HAS STATED THAT IT HAS RECEIVED A CONDITIONAL OFFER
FROM
ELLIOTT
    * FULFILMENT OF TWO CONDITIONS TO ELLIOTT'S OFFER IS WITHIN
FULL
CONTROL OF BOARD OF DIRECTORS OF ARYZTA
    * LOOKS FORWARD TO RECEIVING A RESPONSE FROM ARYZTA'S BOARD
OF
DIRECTORS
    * TRANSACTION AGREEMENT WAS NEGOTIATED WITH ARYZTA IN
OCTOBER 2020
AND IS IN NEAR-FINAL FORM
    * POSTPONEMENT OF ANNUAL GENERAL MEETING OF ARYZTA IS NOT A
CONDITION TO OFFER TO ARYZTA'S BOARD OF DIRECTORS
    * PUBLIC TENDER OFFER FOR ALL PUBLICLY HELD SHARES IN ARYZTA
WOULD
BE SUBJECT TO CUSTOMARY OFFER CONDITIONS WHICH WERE ALSO
NEGOTIATED WITH ARYZTA IN OCTOBER 2020

Source text for Eikon:  ID:nBw8jSHtXa 
Further company coverage:  ECAL.UL 

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