Brief: Deutsche Balaton: Voluntary Acquisition Offer For Shares Of Biofrontera

Deutsche Balaton AG

19/03/2018 06:36

March 19 (Reuters) - Deutsche Balaton AG  BBHG.F :
    * SAID ON FRIDAY DEUTSCHE BALATON TO BID FOR BIOFRONTERA AG
 B8FGn.DE  
    * TO SUBMIT A VOLUNTARY PURCHASE OFFER FOR UP TO 6.25 MLN
SHARES
OF BIOFRONTERA AG, WHICH CORRESPONDS TO ABOUT 14% OF THE
CURRENTLY ISSUED SHARES OF BIOFRONTERA AG
    * DOES NOT PLAN TO BUY CONTROLLING STAKE
    * AIM OF THE ACQUISITION OFFER IS TO EXCEED THE BLOCKING
THRESHOLD
OF 25% BY THE JOINTLY ACTING SHAREHOLDERS DELPHI
UNTERNEHMENSBERATUNGS AG AND DEUTSCHE BALATON AG
    * CONSIDERATION OFFERED FOR THE BIOFRONTERA SHARES EXPECTED
TO BE
COMPOSED OF A TRADABLE FINANCIAL INSTRUMENT AND NOMINAL CASH
PAYMENT PER SHARE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexnnrjLa
    
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