Brief: Covestro AG Board Of Management And Supervisory Board Support ADNOC International's Public Takeover Offer

Covestro AG

07/11/2024 12:22

Nov 7 (Reuters) - COVESTRO AG  1COV.DE :
    * BOARD OF MANAGEMENT AND SUPERVISORY BOARD OF COVESTRO AG
SUPPORT
ADNOC INTERNATIONAL'S PUBLIC TAKEOVER OFFER
    * OFFER PRICE OF EUR 62.00 PER SHARE IN CASH, REPRESENTING
AN
ATTRACTIVE PREMIUM OF 54 PERCENT TO UNAFFECTED SHARE PRICE OF
COVESTRO
    * ACCEPTANCE PERIOD RUNS UNTIL NOVEMBER 27, 2024
    * CURRENTLY, CLOSING IS NOT EXPECTED BEFORE SECOND HALF OF
2025

Further company coverage:  1COV.DE 

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