Hawesko CEO resigns in takeover battle
19/01/2015 17:39
FRANKFURT, Jan 19 (Reuters) - Hawesko HAWG.DE said Chief
Executive Alexander Margaritoff had resigned and would sell his
30 percent stake in the German wine seller, dropping his
resistance to a takeover bid by shareholder Detlev Meyer.
Meyer, who owns 29.5 percent of Hawesko shares, has offered
shareholders of the group 40 euros per share, valuing the group
at close to 360 million euros ($418.32 million), which
Margaritoff has said was too low. ID:nL6N0TO0WY
Hawesko said in a statement late on Monday Margaritoff would
step down on June 30 due to the differing views he and Meyer had
on the company's future strategy.
($1 = 0.8606 euros)
(Reporting by Maria Sheahan, editing by David Evans)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))
Keywords: HAWESKO HOLDING M&A/MANAGEMENTCHANGES