Vossloh offer from Thiele set at EUR 48.50 a share
Vossloh, the listed German transportation technology company, is the subject of a EUR 48.50 per-share offer from the German businessman Heinz Hermann Thiele, Boersen-Zeitung reported.
The German-language daily cited an ad-hoc announcement showing that the price in the voluntary takeover offer has been set at EUR 48.50, which financial watchdog BaFin stated as the minimum required.
The price values Vossloh at EUR 646.5m, and is well below the current market price, the report said. Thiele, owner of the brakes producer Knorr-Bremse, has stated he wishes to increase his 29.9% stake only modestly through the offer, the article noted.
Boersen-Zeitung