Brief: Vitesco Technologies To Evaluate Schaeffler AG's Offer

Schaeffler AG

17/10/2023 13:48

Oct 17 (Reuters) - VITESCO TECHNOLOGIES GROUP AG
 VTSCn.DE :
    * WILL EVALUATE SCHAEFFLER AG'S OFFER TAKING INTO ACCOUNT
INTERESTS OF ALL STAKEHOLDERS
    * INTERESTS OF SHAREHOLDERS, EMPLOYEES AND OTHER
STAKEHOLDERS IN
FOCUS
    * SUPERVISORY BOARD FORMS INDEPENDENT SPECIAL COMMITTEE ON
PUBLIC
PURCHASE OFFER ANNOUNCED BY SCHAEFFLER AG
    * EXECUTIVE BOARD AND SPECIAL COMMITTEE WILL EVALUATE
VOLUNTARY
UNSOLICITED PURCHASE OFFER BY SCHAEFFLER AG AND ITS BENEFITS FOR
STAKEHOLDERS OF VITESCO TECHNOLOGIES
    * CONCERNS ANCHOR AROUND PRICE OFFERED AND PROSPECTS OF
VITESCO IN
A MERGED ENTITY
    * VITESCO TECHNOLOGIES TARGETS EUR 5 BILLION IN SALES WITH
ELECTRIFICATION PRODUCTS FOR 2026. 100% OF THEM BOOKED.

Further company coverage:  VTSCn.DE 

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