Brief: Hercules Bidco says Commencement Of Acceptance Period For Voluntary Public Takeover Offer For Deutsche EuroShop

Deutsche Euroshop AG

09/06/2022 10:51

June 9 (Reuters) - HERCULES BUDCO GMBH:
    * COMMENCEMENT OF THE ACCEPTANCE PERIOD FOR THE VOLUNTARY
PUBLIC
TAKEOVER OFFER FOR DEUTSCHE EUROSHOP AG
    * COMMENCEMENT OF ACCEPTANCE PERIOD FOR VOLUNTARY PUBLIC
TAKEOVER
OFFER FOR DEUTSCHE EUROSHOP AG
    * OFFER DOCUMENT PUBLISHED FOLLOWING BAFIN APPROVAL
    * ACCEPTANCE PERIOD RUNS FROM 9 JUNE 2022 TO 7 JULY 2022
    * TOTAL VALUE TO SHAREHOLDERS OF EUR 22.50 PER SHARE
REPRESENTS A
SUBSTANTIAL 44.0 PERCENT PREMIUM OVER DEUTSCHE EUROSHOP'S
UNAFFECTED SHARE PRICE OF EUR 15.63 PER SHARE AT CLOSE OF
BUSINESS ON 20 MAY 2022
    * TAKEOVER OFFER SUBJECT TO A MINIMUM ACCEPTANCE THRESHOLD
OF 50
PERCENT OF DEUTSCHE EUROSHOP'S SHARE CAPITAL PLUS ONE SHARE AND
OTHER CUSTOMARY OFFER CONDITIONS
    * TODAY, A CONSORTIUM OF PRIVATE INVESTMENT FUNDS MANAGED BY
OAKTREE CAPITAL MANAGEMENT, L.P. AND CURA VERMÖGENSVERWALTUNG,
FAMILY OFFICE OF OTTO FAMILY AND PARENT COMPANY OF ECE GROUP,
THROUGH HERCULES BIDCO GMBH, WHICH IS INDIRECTLY CONTROLLED BY
CONSORTIUM, PUBLISHED OFFER DOCUMENT FOR ITS VOLUNTARY PUBLIC
TAKEOVER OFFER FOR ALL NO-PAR VALUE SHARES OF DEUTSCHE EUROSHOP
AG

Source text for Eikon:  ID:nEQ5c5HK4a 
Further company coverage:  DEQGn.DE 

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