DMG Mori Seiki AG bid raised for the second time
09/03/2015 17:09
FRANKFURT, March 9 (Reuters) - Japan's DMG Mori Seiki Co Ltd
6141.T has for the second time increased the takeover offer
for its German partner DMG Mori Seiki AG GILG.DE , the German
machine-tool manufacturer said in a statement on Monday.
The Japanese bidder is now offering 30.55 euros per share,
having raised its offer to 30.00 euros just last week.
ID:nL5N0W53U7
DMG Mori Seiki AG also said the bidder had lowered the
minimum shareholder acceptance threshold to 40 percent of DMG
Mori Seiki AG's shares from 50 percent plus one share
previously.
Suitor DMG Mori Seiki Co Ltd has, however, already acquired
shares in over-the-counter trades that will allow it to exceed
the 40 percent capital threshold, DMG Mori Seiki AG added.
As part of the new terms, the offer period was extended to
March 25.
(Reporting by Ludwig Burger, editing by David Evans)
((ludwig.burger@thomsonreuters.com; +49 69 7565 1311; Reuters
Messaging: ludwig.burger.thomsonreuters.com@reuters.net))
Keywords: DMG MORI THRESHOLD/