Brief: Home24 Says XXXLutz Group Has Announced Voluntary Public Takeover Offer For Co

home24 SE

05/10/2022 17:49

Oct 5 (Reuters) - Home24 Se  H24.DE :
    * EQS-NEWS: HOME24 SE: HOME24 SUPPORTS XXXLUTZ TAKEOVER BID
- NEW
INVESTOR SUBSCRIBES TO 10% CAPITAL INCREASE - THE NEW
PARTNERSHIP STRENGTHENS MARKET POSITION AND GROWTH PROSPECTS FOR
BOTH COMPANIES
    * COMPANY'S HEADQUARTERS WILL REMAIN IN BERLIN
    * HOME24 WILL REMAIN INDEPENDENT AND WILL CONTINUE TO BE LED
BY
CURRENT MANAGEMENT TEAM
    * OFFER OF 7.50 EUROS PER HOME24 SHARE CORRESPONDS TO A
PREMIUM OF
124% ON CLOSING PRICE ON 4 OCTOBER 2022
    * XXXLUTZ GROUP ANNOUNCES VOLUNTARY PUBLIC TAKEOVER OFFER
FOR
ACQUISITION OF UP TO 100% OF SHARES ON HOME24 SE
    * XXXLUTZ WILL NOT ENTER INTO A DOMINATION OR PROFIT AND
LOSS
TRANSFER AGREEMENT WITH COMPANY FOR A PERIOD OF THREE YEARS
AFTER COMPLETION
    * XXXLUTZ AIMS TO DELIST HOME24 SHARE AFTER EXECUTION OF
OFFER
    * HOME24 -EXISTING CORPORATE STRUCTURE, MAIN LOCATIONS, CORE
BRANDS OF HOME24 GROUP, INCLUDING HOME24 & BUTLERS, WILL BE
RETAINED AS INDEPENDENT BRANDS

Source text for Eikon:  ID:nEQ1RPGl1a 
Further company coverage:  H24.DE 
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