DMG MORI SEIKI AKTIENGESELLSCHAFT / Key word(s): Alliance
09.03.2015 17:35
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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DMG MORI SEIKI AKTIENGESELLSCHAFT and DMG MORI SEIKI CO., LTD. agree on
change of the offer conditions in public tender offer
Reduction of minimum participation threshold from 50% (plus one share) to
40% and increase of the offer price to EUR 30.55
New participation threshold already exceeded
Bielefeld, 9 March 2015 - In the public tender offer DMG MORI SEIKI
AKTIENGESELLSCHAFT, Bielefeld (ISIN DE0005878003), its long-term
cooperation partner DMG MORI SEIKI CO., LTD., Nagoya (Japan), and the
latter's subsidiary DMG MORI GmbH, Stuttgart, as bidder agreed today to
reduce the offer condition of achieving a minimum participation from 50%
(plus one share) to 40%. In return, DMG MORI SEIKI CO., LTD. and the bidder
agreed that all shareholders accepting the offer will receive an additional
amount of EUR 0.55 per share. This amount is equivalent to the dividend to
be proposed for adoption at the annual general meeting on 8 May 2015. The
offer price that is offered as part of the tender offer has thus been
increased from the most recent price of
EUR 30.00 to EUR 30.55, which is equivalent to a premium of 43.0% on the
volume-weighted average stock price (three months before publication of the
offer) or of 21.4% on the most recent stock exchange price before
publication of the offer. As a result of these changes, the tender period
is extended until 25 March 2015. In the opinion of the Executive Board and
the Supervisory Board the agreed changes will ensure the success of the
offer in order to achieve the objectives pursued with the offer by both
sides.
DMG MORI SEIKI AKTIENGESELLSCHAFT has also been informed this afternoon,
that DMG MORI SEIKI CO., LTD. has acquired in over-the-counter trades
shares in an amount which will lead to an exceeding of the
new participation threshold.
DMG MORI SEIKI AKTIENGESELLSCHAFT
The Executive Board
09.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DMG MORI SEIKI AKTIENGESELLSCHAFT
GildemeisterstraÃe 60
33689 Bielefeld
Germany
Phone: +49 (0)5205 74 30-01
Fax: +49 (0)5205 74 30-81
E-mail: info@dmgmoriseiki.com
Internet: www.dmgmoriseiki.com
ISIN: DE0005878003
WKN: 587800
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Hamburg, Munich,
Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: DMG MORI SEIKI AKTIENGESELLSCHAFT: DMG MORI SEIKI AKTIENGESELLSCHAFT and DMG MORI SEIKI CO., LTD. agree on change of the offer conditions in public tender offer
| Source: EQS Group AG