Brief: Exceet Group rejects takeover offer from White Elephant

H2APEX SCA

06/11/2017 20:06

Nov 6 (Reuters) - Exceet Group Se  EXCL.DE : 
    * EXCEET GROUP SE:  OPINION OF THE BOARD OF DIRECTORS OF 
EXCEET 
GROUP SE PURSUANT TO SECTION 27 OF THE GERMAN SECURITIES 
ACQUISITION AND TAKEOVER ACT (WPÜG) 
    * EXCEET GROUP SE EXCL.DE - ON 23 OCTOBER WHITE ELEPHANT, 
PUBLISHED OFFER DOCUMENT FOR VOLUNTARY PUBLIC TAKEOVER OFFER TO 
THE SHAREHOLDERS OF CO 
    * 06-Nov-2017 03:11:38 PM - EXCEET-VOLUNTARY OFFER TO CO FOR 
ACQUISITION OF ALL CLASS A BEARER SHARES, EACH SHARE 
REPRESENTING NOTIONAL INTEREST IN SHARE CAPITAL OF EUR 0.015 
    * 06-Nov-2017 03:12:36 PM - EXCEET GROUP-RECOMMENDS THAT 
SHAREHOLDERS REJECT TAKEOVER OFFER, AS IT DOES NOT REGARD 
CONSIDERATION OFFERED TO BE REASONABLE FROM FINANCIAL STANDPOINT 
    * 06-Nov-2017 03:13:22 PM - EXCEET-BIDDER MADE OFFER TO ALL 
EXCEET 
SHAREHOLDER TO ACQUIRE CLASS A BEARER SHARES IN EXCEET GROUP 
HELD BY THEM AT CONSIDERATION OF EUR 2.91 PER SHARE 
 
Source text for Eikon:  ID:nEQ85z5wya  
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