ARBOmedia AG / Offer
16.09.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Date 16th September 2008
- Goldbach Media owns 72,7 % in ARBOmedia AG and announces mandatory
takeover bid
- Board of directors welcomes investment of Goldbach Media and considers
offer price of 9.80 per ARBOmedia AG share to be fair
- Chairman of the Board Dr. Bogner and members of the supervisory board
of ARBOmedia AG resign from their offices
Munich, September 16, 2008. Swiss-listed Goldbach Media AG has announced
today, that it now owns the majority of the shares of ARBOmedia AG (ISIN
DE0005489306) based in Munich (Germany), over its 100% subsidiary Goldbach
Ost GmbH. Therefore, Goldbach Ost owns 72.7 % of the shares of ARBOmedia AG
and has announced, that it will submit a takeover bid to the price of
9.80 in cash per ARBOmedia-share to the external shareholders.
The board of directors of ARBOmedia AG welcomes the investment of Goldbach
Group as a new major shareholder, in particular due to growth and
development possibilities for the company resulting out of the investment.
The board of directors considers the offer price to be basically fair as
this price is about 47% above the volume-weighted average price of the last
three months, beginning with the day before announcement of the
acquistition of control. After presentation and proof of the offer document
the board of directors as well as the supervisory board will comment on
this matter in detail.
Goldbach Media has acquired the control over the company inter alia through
the acquisition of the block of shares of both founding shareholders, AMCO
Gesellschaft für die Herstellung und Vermarktung von Medienprodukten und
für Medienbeteiligungen mbH as well as BOCO Gesellschaft für die
Herstellung und Vermarktung von Medienprodukten und für Medienbeteiligungen
mbH. With todays share transfer the head of the board of directors, Dr
Georg Bogner, resigns as head of the board of directors of ARBOmedia AG as
well. The three members of the supervisory board have also resigned from
their offices as of today. As alternative candidates for the supervisory
board Klaus Kappeler, CEO of Goldbach Media AG, Martin Radelfinger, Chief
Business Development M&A Officer of Goldbach Media AG and Ronald Sauser,
CEO of Sal. Oppemheim Corporate Finance (Switzerland) are suggested.
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Information and Explaination of the Issuer to this News:
About ARBOmedia:
ARBOmedia AG is the largest independent marketing agency in Europe. The
client portfolio for the core business in the field of marketing of
electronic media currently encompasses more than 600 websites, 33 TV
networks and 12 radio stations. In addition to this there are 60 magazines
and an increasing number of out-of-home media. The wide range of media
portfolio makes ARBOmedia experts in the sector of media convergence and
cross-media solutions. As an independent marketing agency, the company is
the market leader in strong growth countries situated in central and
southern Europe.
The shares for ARBOmedia AG are listed in the Prime Standard of the German
Stock Exchange.
Contact:
ARBOmedia AG
Investor Relations
Akademiestraße 7
D -80799 Munich
Phone: +49 (0)89.383 56-0
Fax: +49 (0)89.383 56-120
Email: ir@arbomedia.net
Internet: www.arbomedia.net
DGAP 16.09.2008
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Language: English
Issuer: ARBOmedia AG
Akademiestrasse 7
80799 München
Deutschland
Phone: +49 (0)89 38 3 56-0
Fax: +49 (0)89 38 3 56-120
E-mail: info@arbomedia.net
Internet: www.arbomedia.net
ISIN: DE0005489306
WKN: 548930
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: ARBOmedia AG: Announcement of a takeover bid for shareholders of ARBOmedia AG by Goldbach
| Source: EQS Group AG