Brief: Schaeffler Has Secured 29.88% Of Vitesco With Its Public Tender Offer

Schaeffler AG

20/12/2023 09:02

Dec 20 (Reuters) - SCHAEFFLER AG  SHA_p.DE :
    * SCHAEFFLER AG HAS SECURED 29.88 PERCENT OF VITESCO
TECHNOLOGIES
GROUP AG WITH ITS PUBLIC TENDER OFFER
    * TENDER OFFER SUCCESSFUL, 11,957,629 VITESCO SHARES HAVE
BEEN
TENDERED 
    * COMPLETION OF TENDER OFFER AND PAYMENT OF CONSIDERATION ON
JANUARY 5, 2024
    * COMPLETION OF OVERALL TRANSACTION EXPECTED IN Q4 OF 2024
    * EXTRAORDINARY GENERAL MEETING AND SEPARATE MEETING OF
NON-VOTING
COMMON SHAREHOLDERS ON FEBRUARY 2, 2024, AS NEXT STEP
    * INTEGRATION COMMITTEE HAS STARTED ITS WORK

Source text for Eikon:  ID:nEQ3l27dha 
Further company coverage:  SHA_p.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))