Brief: Schaeffler AG - Reaches Agreement With Vitesco Technologies Group AG On A Preliminary Exchange Ratio Of 11.4 Schaeffler Shares Per Vitesco Share

Schaeffler AG

26/02/2024 08:45

Feb 26 (Reuters) - Schaeffler AG  SHA_p.DE :
    * SCHAEFFLER AG - REACHES AGREEMENT WITH VITESCO
TECHNOLOGIES
GROUP AG ON A PRELIMINARY EXCHANGE RATIO OF 11.4 SCHAEFFLER
SHARES PER VITESCO SHARE FOR INTENDED MERGER
    * SCHAEFFLER AG - AGREEMENT IS SUBJECT TO CONDITION THAT
JOINT
VALUATION EXPERT APPOINTED BY BOTH PARTIES AND COURT-APPOINTED
MERGER AUDITOR CONFIRM EXCHANGE RATIO AS APPROPRIATE
    * SCHAEFFLER AG - CONCLUSION OF MERGER AGREEMENT IS PLANNED
FOR A
DATE PRIOR TO CONVOCATIONS OF ANNUAL GENERAL MEETINGS OF
SCHAEFFLER AND VITESCO
    * SCHAEFFLER AG - THE MERGER AGREEMENT WILL BE SUBJECT TO
APPROVAL
OF ANNUAL GENERAL MEETINGS OF SCHAEFFLER AND VITESCO

Source text for Eikon:  ID:nEQ1yQKP8a 
Further company coverage:  SHA_p.DE 

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