Brief: Octapharma Resolves Takeover Offer To Acquire SNP Schneider Neureither & Partner

SNP Schneider-Neureither & Partner SE

17/05/2023 13:07

May 17 (Reuters) - SNP SCHNEIDER NEUREITHER & PARTNER SE
 SHFG.DE :
    * OCTAPHARMA AG- TO OFFER TO SHAREHOLDERS OF SNP
SCHNEIDER-NEUREITHER & PARTNER SE BY WAY OF VOLUNTARY PUBLIC
TAKEOVER OFFER TO ACQUIRE ALL NO-PAR VALUE BEARER SHARES OF SNP
WITH PROPORTIONATE INTEREST IN SHARE CAPITAL OF EUR 1.00PER
SHARE 
    * OCTAPHARMA AG - BIDDER INTENDS TO OFFER A CASH
CONSIDERATION IN
AMOUNT OF EUR 33.50 IN CASH PER SNP SHARE 
    * OCTAPHARMA AG - INTENDED AMOUNT OF CONSIDERATION IS BASED
ON
ASSUMPTION THAT ANNUAL GENERAL MEETING OF SNP DOES NOT RESOLVE A
DIVIDEND PAYMENT FOR FISCAL YEAR 2022 AND WILL BE REDUCED BY ANY
DIVIDEND PAYMENT
    * OCTAPHARMA AG - TAKEOVER OFFER IS NOT EXPECTED TO CONTAIN
ANY
OFFER CONDITIONS OTHER THAN ANTITRUST OFFER CONDITIONS 
    * OCTAPHARMA AG - OFFER WILL NOT BE MADE CONDITIONAL ON
ACQUISITION OF A MINIMUM SHAREHOLDING 
    * OCTAPHARMA AG - BOTH ACQUISITIONS WILL BE MADE IN
CONNECTION
WITH TAKEOVER OFFER AND WILL GIVE BIDDER ACCESS TO APPROXIMATELY
38.22% OF SNP SHARES
    * EQS-WPÜG: TAKEOVER OFFER / TARGET COMPANY: SNP
SCHNEIDER-NEUREITHER & PARTNER SE; BIDDER: OCTAPHARMA AG

Further company coverage:  SHFG.DE 

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