Brief: Members Of Executive Board Of Grammer AG Announce Exit Following Takeover By Ningbo Jifeng
25/09/2018 02:04
Sept 24 (Reuters) - Grammer AG GMMG.DE :
* MEMBERS OF THE EXECUTIVE BOARD OF GRAMMER AG ANNOUNCE EXIT
FOLLOWING THE TAKEOVER BY NINGBO JIFENG
* SUBSTANTIAL SHIFT IN SHAREHOLDER STRUCTURE DUE TO
85-PERCENT
STAKE HELD BY MAJORITY SHAREHOLDER NINGBO JIFENG
* BUSINESS COMBINATION AGREEMENT SIGNED IN CONNECTION WITH
TENDER
OFFER WILL CONTINUE TO APPLY INDEPENDENT FROM CHANGES TO
EXECUTIVE BOARD
* ACCORDING TO NINGBO JIFENG, CO CURRENTLY DOES NOT INTEND
TO FILL
MORE THAN TWO SEATS OF SUPERVISORY BOARD
Source text for Eikon: ID:nEQ2chX1pa
Further company coverage: GMMG.DE
((Reuters.Briefs@thomsonreuters.com;))