Brief: Hornbach Holding To Submit A Public Delisting Offer To Hornbach Baumarkt

Hornbach Holding AG & Co KGaA

20/12/2021 12:55

Dec 20 (Reuters) - HORNBACH BAUMARKT AG  HBMG.DE :
    * TENDER OFFER / TARGET COMPANY: HORNBACH BAUMARKT AG;
BIDDER:
HORNBACH HOLDING AG & CO. KGAA
    * FOR EACH TENDERED HBM SHARE BIDDER WILL, SUBJECT TO FINAL
DETERMINATION OF MINIMUM PRICE AND FINAL TERMS AND CONDITIONS
SET FORTH IN OFFER DOCUMENT, OFFER A CASH CONSIDERATION IN
AMOUNT OF EUR 47.50
    * BIDDER CURRENTLY HOLDS 24,285,062 HBM SHARES CORRESPONDING
TO
APPROXIMATELY 76.4% OF COMPANY'S SHARE CAPITAL
    * HAS DECIDED TO SUBMIT A PUBLIC DELISTING TENDER OFFER IN
FORM OF
A CASH CONSIDERATION TO SHAREHOLDERS OF HORNBACH BAUMARKT AG
    * TO ACQUIRE ALL NO-PAR VALUE BEARER SHARES OF COMPANY NOT
YET
DIRECTLY HELD BY BIDDER ( "DELISTING OFFER"), EACH WITH A
NOTIONAL INTEREST IN SHARE CAPITAL OF COMPANY OF EUR 3.00
    * TODAY, BIDDER HAS AGREED WITH COMPANY, SUBJECT TO
CUSTOMARY
RESERVATIONS, THAT COMPANY WILL APPLY FOR REVOCATION OF
ADMISSION TO TRADING OF HBM SHARES ON REGULATED MARKET PRIOR TO
EXPIRATION OF ACCEPTANCE PERIOD OF DELISTING OFFER

Source text for Eikon:  ID:nEQ3Yc2WMa 
Further company coverage:  HBMG.DE 

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