Elliott Said to Build Stake in German Toolmaker DMG Mori Seiki
2015-01-28 22:39:54.268 GMT
By Robin Stringer
(Bloomberg) -- Elliott has built up a stake in DMG Mori
Seiki AG after the German machine-tool maker’s Japanese partner
made a takeover offer, people familiar tell Bloomberg’s Aaron
Kirchfeld and Alex Webb.
* Fund seeking to profit from potentially higher offer from
Japan’s DMG Mori Seiki Co., the German company’s biggest
shareholder, as well as future stock gains of a combined
company
* Elliott has become a top 5 shareholder, may disclose stake
as early as this week
* DMG Mori couldn’t be immediately reached by telephone or e-
mail outside regular business hours in Germany
* Spokesman for Elliott declined to comment
Story Link:NSN NIWRY06S972J<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Robin Stringer in New York at +1-212-617-2526 or
rstringer7@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2015-01-28 22:39:54.268 GMT
By Robin Stringer
(Bloomberg) -- Elliott has built up a stake in DMG Mori
Seiki AG after the German machine-tool maker’s Japanese partner
made a takeover offer, people familiar tell Bloomberg’s Aaron
Kirchfeld and Alex Webb.
* Fund seeking to profit from potentially higher offer from
Japan’s DMG Mori Seiki Co., the German company’s biggest
shareholder, as well as future stock gains of a combined
company
* Elliott has become a top 5 shareholder, may disclose stake
as early as this week
* DMG Mori couldn’t be immediately reached by telephone or e-
mail outside regular business hours in Germany
* Spokesman for Elliott declined to comment
Story Link:NSN NIWRY06S972J<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Robin Stringer in New York at +1-212-617-2526 or
rstringer7@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net