Permira shelves plans to make counter-bid for Hawesko - source (updated)

Hawesko Holding SE

16/12/2014 17:51

(Adds Hawesko statement) 
    FRANKFURT, Dec 16 (Reuters) - Buyout group Permira  PERM.UL  
has shelved plans to make a counter-bid for Hawesko  HAWG.DE  as 
the German wine seller seeks to fend off an offer from 
31-percent shareholder Detlev Meyer, a source familiar with the 
situation said on Tuesday. 
    Three sources had earlier told Reuters that Permira had 
entered talks with Hawesko, which runs shops under the brands 
Jacques' Wein-Depot and Wein & Vinos and whose second-biggest 
shareholder Alexander Margaritoff is also the chief executive. 
    But Permira then found that Margaritoff's asking price was 
too high, the source said.  
    Hawesko said in a statement: "Investor Permira has told the 
Hawesko board that it does not intend to launch a rival offer."  
    Meyer has offered shareholders of the group 40 euros per 
share, valuing it at close to 360 million euros ($451.7 
million).  ID:nL6N0TO0WY  
    Permira declined to comment.  
    ($1 = 0.7970 euros) 
 
 (Reporting by Arno Schuetze and Alexander Hübner; Editing by 
Noah Barkin and Pravin Char) 
 ((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters 
Messaging: arno.schuetze.reuters.com@reuters.net)) 
 
Keywords: HAWESKO HOLDING M&A/PERMIRA