Brief: Synlab Enters Into Investment Agreement Relating To A Public Acquisition Offer By Cinven

Synlab AG

29/09/2023 07:25

Sept 29 (Reuters) - SYNLAB AG  SYAB.DE :
    * SYNLAB ENTERS INTO INVESTMENT AGREEMENT RELATING TO A
PUBLIC
ACQUISITION OFFER BY CINVEN
    * MANAGEMENT BOARD AND SUPERVISORY BOARD CONSIDER PROPOSED
OFFER
TO PROVIDE A POTENTIALLY ATTRACTIVE EXIT OPPORTUNITY FOR
SHORT-TERM ORIENTED OR RISK-AVERSE INVESTORS BUT DO NOT CONSIDER
OFFER PRICE TO REFLECT LONG-TERM VALUE OF COMPANY
    * CINVEN TO LAUNCH PUBLIC ACQUISITION OFFER TO ALL
SHAREHOLDERS AT
A PRICE OF EUR 10.00 PER SYNLAB SHARE IN CASH
    * MANAGEMENT BOARD AND SUPERVISORY BOARD WILL ISSUE THEIR
REASONED
STATEMENT AFTER PUBLICATION OF OFFER DOCUMENT
    * REGULATORY TIMELINES APPLY AND PROCESS IS EXPECTED TO
UNFOLD
WITHOUT FURTHER DELAY

Source text for Eikon:  ID:nEQ1QQCbTa 
Further company coverage:  SYAB.DE 

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