DMG MORI SEIKI AKTIENGESELLSCHAFT / Key word(s): Alliance
21.01.2015 20:47
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. to enter
into Cooperation Agreement
DMG MORI SEIKI CO., LTD. plans a voluntary public takeover offer
Bielefeld, 21 January 2015 - Today, DMG MORI SEIKI AKTIENGESELLSCHAFT
entered into a Cooperation Agreement 2015 with DMG MORI SEIKI CO., Ltd. The
Agreement contains the objectives pursed thereby with regard to the
strategic enhancement of the cooperation between DMG MORI SEIKI
AKTIENGESELL-SCHAFT and DMG MORI SEIKI CO., LTD. which has been in
existence since 2009. The Cooperation Agreement provides amongst other
aspects for the continued operation of significant production sites, the
maintenance of jobs
and the future corporate governance and aims at a further intensification
of the successful cooperation between the companies.
Accordingly, today DMG MORI SEIKI CO., LTD. announced its decision to make
a voluntary public takeover offer for the outstanding shares of DMG MORI
SEIKI AKTIENGESELLSCHAFT. DMG MORI SEIKI CO., LTD. offers to all
shareholders of the company a cash consideration of EUR 27.50 per share of
DMG MORI SEIKI AKTIENGESELLSCHAFT. This corresponds to a markup of approx.
7.5% on the current share price of the DMG MORI SEIKI AKTIENGESELLSCHAFT
shares (day closing price in Xetra EUR 25.59 on 21.01.2015) and a markup of
approx. 28.6% on the weighted average stock exchange price of the shares of
DMG MORI SEIKI AKTIEN-GESELLSCHAFT during the last three months prior to
the publication of the offer according to § 10 subs. 1 clause 1 WpÃG
(German Securities Acquisition and Takeover Act). With its offer, DMG MORI
SEIKI CO., LTD. intends to acquire
a stake of more than 50% in DMG MORI SEIKI AKTIENGESELLSCHAFT.
Pursuant to the provisions of the Wertpapiererwerbs- und Ãbernahmegesetz
(German Securities Acquisition and Takeover Act - "WpÃG"), DMG MORI SEIKI
CO., LTD. will submit the details of its offer in the form of a so-called
offer document to the Bundesanstalt für Finanzdienstleistungsaufsicht
(German Federal Agency for Financial Services Supervision - "BaFin") within
the next four weeks. After the publication of this document the Executive
Board and the Supervisory Board of
DMG MORI SEIKI AKTIENGESELLSCHAFT will issue a reasoned statement regarding
the offer and the adequacy of the offer price according to § 27 WpÃG.
DMG MORI SEIKI AKTIENGESELLSCHAFT
The Executive Board
Statements relating to the future
This press release contains statements relating to the future, which are
based on current estimates by the management regarding future developments.
Such statements are based on the management's current expectations and
specific assumptions. They are subject to risks, uncertainties and other
factors, which could lead to the actual future circumstances including the
assets, liabilities, financial position and profit or loss of DMG MORI
SEIKI AKTIENGESELLSCHAFT differing materially from or being more negative
than that those expressly or implicitly assumed or described in these
statements. The business activities of DMG MORI SEIKI AKTIENGESELLSCHAFT
are subject to a series of risks and uncertainties, which may result in
forward-looking statements estimates or forecasts becoming inaccurate.
Should one of these factors of uncertainty or other unforeseeable event
occur, or should the assumptions on which these statements are based prove
incorrect, the actual results may differ materially from the results
stated, expected, anticipated, intended, planned, aimed at, estimated or
projected in these statements. Forward-looking statements must not be
understood as a guarantee or assurance of future developments or events
contained therein.
21.01.2015 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: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: DMG MORI SEIKI AKTIENGESELLSCHAFT and DMG MORI SEIKI CO., LTD. to enter into Cooperation Agreement
| Source: EQS Group AG