Hawesko Rejects Takeover Bid, Says Price Not Appropriate
2014-12-04 07:03:02.229 GMT
By Chris Malpass
Dec. 4 (Bloomberg) -- Hawesko management board says in e-
mailed statement offer price, premium offered by Detlev Meyer
not appropriate, rejects takeover bid.
* Recommends shareholders not to accept EU40/shr bid
* Bid was made by supervisory board member Meyer
* Says bid doesn’t reflect company’s potential
* Says bid was a discount based on volume-adjusted avg price
of past 6-month or 12 months
* Hawesko says management board has clear strategy
* Hawesko board says confident in CEO Alexander Margaritoff
NOTE: Hawesko on Nov. 13 said it’s considering offer, urged
investors to wait
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To contact the reporter on this story:
Chris Malpass in Berlin at +49-30-70010-6234 or
cmalpass@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Chris Malpass
2014-12-04 07:03:02.229 GMT
By Chris Malpass
Dec. 4 (Bloomberg) -- Hawesko management board says in e-
mailed statement offer price, premium offered by Detlev Meyer
not appropriate, rejects takeover bid.
* Recommends shareholders not to accept EU40/shr bid
* Bid was made by supervisory board member Meyer
* Says bid doesn’t reflect company’s potential
* Says bid was a discount based on volume-adjusted avg price
of past 6-month or 12 months
* Hawesko says management board has clear strategy
* Hawesko board says confident in CEO Alexander Margaritoff
NOTE: Hawesko on Nov. 13 said it’s considering offer, urged
investors to wait
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Chris Malpass in Berlin at +49-30-70010-6234 or
cmalpass@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
Chris Malpass