Hawesko shareholder Margaritoff says takeover offer by Meyer is too low; Schiemann may be willing to sell (translated)
Hawesko shareholder Alexander Margaritoff has said the takeover offer for the wine trader by another shareholder, Detlev Meyer, is too low, Boersen-Zeitung reported.
The German daily cited Margaritoff, who holds a 30% stake in the company and is the son of its founder, as saying that Meyer, a board member, needs to raise his EUR 40 per-share offer in order to reflect the company's value.
Meyer's investment firm, Tocos, has a 29.5% stake in Hawesko and has stated that its takeover offer is valid until 22 December, the article noted. Meyer is seeking to become the largest anchor shareholder in Hawesko which had a EUR 465m turnover in its 2013 business year, according to the article.
The report noted that Michael Schiemann, whose investment firm Augendum has a 5% stake in Hawesko, informed Manager Magazin Online that he may be willing to sell his shares.
Source Boersen-Zeitung