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ELES Eles Semiconductor Equipment SpA News Story

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Brief: Xenon AIFM To Launch Takeover Bid For Eles For EUR 2.6/SHR

Oct 23 (Reuters) - Eles Semiconductor Equipment SpA on Behalf of Xenon AIFM SA ELES.MI:

SAID ON WEDNESDAY IT HAD INTENTION TO LAUNCH, AS MANAGING PARTNER OF XENON PRIVATE EQUITY VIII SCA SICAV-RAIF, TAKEOVER BID FOR ELES SEMICONDUCTOR EQUIPMENT

TAKEOVER BID CONDITIONS REGULATED BY FRAMEWORK AGREEMENT BETWEEN XENON AND ELES SHAREHOLDERS ANTONIO, FRANCESCA ZAFFARAMI

OFFER TO TAKE PLACE THROUGH BIDCO TO BE ESTABLISHED

IF CONDITIONS MET, OFFER TO BE COMPETING WITH TAKEOVER BID ANNOUNCED BY MARE GROUP

CONSIDERATION SET AT EUR 2.6/SHR

XENON TO ALSO LAUNCH THROUGH BIDCO WARRANT OFFER FOR ALL ELES WARRANTS

 Further company coverage: ELES.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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