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Article: AXA Announces Its Intention to Acquire Shares From Minority Shareholders of Its German Subsidiary AXA Konzern AG.
- Article from:
- PR Newswire
- Article date:
- December 21, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS, Dec. 21 /PRNewswire-FirstCall/ -- As part of the streamlining of the legal structure of its German subsidiaries, AXA announces its intention to acquire the 7.24% of AXA Konzern AG (Germany) shares it does not already own.
AXA proposes to offer Euro 129.3 per AXA Konzern AG ordinary share and preference share, which represents a premium of 55% compared to the closing ordinary share price as of December 20, 2005 at the floor trading of the Frankfurt stock exchange.
This premium eliminates the illiquidity discount affecting AXA Konzern AG's current share price and takes into account the recent operating performances of AXA Versicherung, AXA ...