Brief: S Immo AG Says Rejects Takeover Offer By Immofinanz AG, recommends shareholders to keep their shares

S IMMO AG

03/06/2021 18:23

June 3 (Reuters) - S Immo AG  SIAG.VI :
    * S IMMO AG - S IMMO REJECTS TAKEOVER OFFER AND RECOMMENDS
SHAREHOLDERS TO KEEP THEIR SHARES
    * S IMMO AG - OFFER PRICE DOES NOT REFLECT ENTERPRISE VALUE
    * S IMMO AG - STAND-ALONE SCENARIO SUBSTANTIALLY MORE
ATTRACTIVE
FOR S IMMO
    * S IMMO AG - BOARD OF S IMMO AG HAVE CLEARLY EXPRESSED
THEIR
OPPOSITION TO TAKEOVER OFFER BY IMMOFINANZ AG PUBLISHED IN
MID-MAY 2021
    * S IMMO AG - REQUIRED OFFER PROCESS NOT IN LINE WITH MARKET
STANDARDS
    * S IMMO- BOARD RECOMMEND SHAREHOLDERS WAIT UNTIL RESULTS OF
REVALUATION OF PROPERTY PORTFOLIO FOR FIRST HALF 2021 PUBLISHED
BEFORE DECIDING ON OFFER
    * S IMMO - BOARD WILL CARRY OUT REGULAR EXTERNAL
COMPREHENSIVE
VALUATION OF ENTIRE PROPERTY PORTFOLIO, RESULTS OF WHICH WILL BE
ANNOUNCED AFTER 30 JUNE

Source text for Eikon:  ID:nPexG1rCpa 
Further company coverage:  SIAG.VI 

 ((Reuters.Briefs@thomsonreuters.com;))