Brief: Vitesco Will Comprehensively Assess Schaeffler's Offer Document

Schaeffler AG

15/11/2023 11:34

Nov 15 (Reuters) - VITESCO TECHNOLOGIES GROUP AG
 VTSCn.DE :
    * ACKNOWLEDGES THAT SCHAEFFLER TODAY PUBLISHED OFFER
DOCUMENT FOR
UNSOLICITED VOLUNTARY PUBLIC TENDER OFFER FOR VITESCO
TECHNOLOGIES
    * EXECUTIVE BOARD AND SUPERVISORY BOARD OF VITESCO
TECHNOLOGIES
WILL COMPREHENSIVELY ASSESS OFFER DOCUMENT TAKING INTO ACCOUNT
INTERESTS OF ALL STAKEHOLDERS AND PUBLISH A REASONED STATEMENT
ON OFFER IN DUE COURSE.
    * NOTES THAT SEVERAL SHAREHOLDERS HAVE PUBLICLY STATED THAT
OFFERED PRICE OF EUR 91 PER SHARE IS INADEQUATE GIVEN VITESCO
TECHNOLOGIES' VALUE AND ATTRACTIVE GROWTH PROSPECTS AS AN
INDEPENDENT COMPANY.
    * IN TALKS WITH SCHAEFFLER ON PARAMETERS OF A POTENTIAL
BUSINESS
COMBINATION.

Source text for Eikon:  ID:nEQ4fzRk7a 
Further company coverage:  VTSCn.DE 

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