Brief: Deutsche EuroShop Recommends Shareholders Tender Their Shares Into Offer By Oaktree And CURA

Deutsche Euroshop AG

21/06/2022 13:42

June 21 (Reuters) - DEUTSCHE EUROSHOP AG  DEQGn.DE :
    * EXECUTIVE BOARD AND SUPERVISORY BOARDS OF DEUTSCHE
EUROSHOP AG
RECOMMEND SHAREHOLDERS TENDER THEIR SHARES INTO OFFER BY OAKTREE
AND CURA
    * ACCEPTANCE PERIOD EXPECTED TO END ON 7 JULY 2022
    * MANAGEMENT BOARD AND SUPERVISORY BOARD OF DEUTSCHE
EUROSHOP
REGARD OFFER CONSIDERATION AS FAIR, ADEQUATE AND ATTRACTIVE
    * DEUTSCHE BANK AND ROTHSCHILD & CO WITH CONFIRMATORY
FAIRNESS
OPINIONS
    * OFFER REPRESENTS A PREMIUM OF 44.0% TO XETRA CLOSING PRICE
OF
COMPANY'S SHARE ON 20 MAY 2022 (EUR 15.63)
    * ODAY RESOLVED TO RECOMMEND TO COMPANY'S SHAREHOLDERS TO
ACCEPT
VOLUNTARY PUBLIC TAKEOVER OFFER ("OFFER") OF HERCULES BIDCO
GMBH, MUNICH ("BIDDER")
    * TRANSACTION IS EXPECTED TO CLOSE IN Q3 OF 2022
    * SHAREHOLDERS OF DEUTSCHE EUROSHOP AG CAN STILL ACCEPT
OFFER,
PRESUMABLY UNTIL 7 JULY 2022

Source text for Eikon:  ID:nEQ6CNfSga 
Further company coverage:  DEQGn.DE 

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