Pfeiffer Vacuum Technology AG
Pfeiffer Vacuum Technology AG: Termination of offer
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Statement PRESS RELEASE Asslar, March 15, 2017. The termination of the voluntary public tender offer by the Busch Group is good news for Pfeiffer Vacuum and its shareholders. In the opinion of the Pfeiffer Vacuum Management Board, the Busch Group was aiming to gain active control of Pfeiffer Vacuum without paying a customary and appropriate takeover premium. In a reasoned statement, the Management Board and Supervisory Board of Pfeiffer Vacuum therefore rejected this offer for being inadequate and advised the shareholders of Pfeiffer Vacuum to not accept the Busch Group’s offer. Pfeiffer Vacuum will continue to pursue its successful strategy of combining organic growth in markets such as Asia and the USA with strategic acquisitions, thereby offering its shareholders attractive long-term prospects. Additionally, the company continues its announced review of further options to ensure that the shareholders participate adequately in the value creation at Pfeiffer Vacuum. Important Note Contact For more information, please visit www.group.pfeiffer-vacuum.com
15.03.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Pfeiffer Vacuum Technology AG |
Berliner Str. 43 | |
35614 Asslar | |
Germany | |
Phone: | +49 6441 802-0 |
Fax: | +49 6441 802-1365 |
E-mail: | info@pfeiffer-vacuum.de |
Internet: | www.pfeiffer-vacuum.de |
ISIN: | DE0006916604 |
WKN: | 691660 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |