Brief: First Sensor Supports Voluntary Public Takeover Offer From TE Connectivity

First Sensor AG

03/06/2019 06:18

June 3 (Reuters) - FIRST SENSOR AG  SISG.DE :
    * TE CONNECTIVITY PUBLISHES DECISION TO LAUNCH A VOLUNTARY
PUBLIC
TAKEOVER OFFER; CONCLUSION OF A BUSINESS COMBINATION AGREEMENT
    * SAYS CASH CONSIDERATION FROM TE CONNECTIVITY CORRESPONDS
TO
PREMIUM OF 14.6% TO XETRA CLOSING PRICE ON 24 MAY 2019
    * SAYS CASH CONSIDERATION FROM TE CONNECTIVITY CORRESPONDS
TO
PREMIUM OF 31.7% TO 3-MONTH VOLUME-WEIGHTED AVERAGE SHARE PRICE
AS OF 24 MAY 2019
    * WELCOMES AND, SUBJECT TO REVIEW OF OFFER DOCUMENT ALSO
SUPPORTS
VOLUNTARY TAKEOVER OFFER
    * CEO DIRK ROTHWEILER, INTENDS TO CONTINUE HIS POSITION IN
COMPANY
AFTER COMPLETION OF TAKEOVER OFFER

Source text for Eikon:  ID:nEQbK4xhfa 
Further company coverage:  SISG.DE 

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