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Article: Acceptance Period for the Takeover Offer of Deutsche Bahn to Stinnes Shareholders Begins Today.
- Article from:
- PR Newswire
- Article date:
- August 7, 2002
CopyrightCOPYRIGHT 2002 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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BERLIN -- Deutsche Bahn AG, Berlin, today issued a public takeover offer to all shareholders of Stinnes AG, Mulheim, for their Stinnes shares. The acceptance period begins today with the publication of the offer document and ends on September 27, 2002, at 12:00 noon. DB Sechste Vermogensverwaltungsgesellschaft mbH, a wholly owned subsidiary of Deutsche Bahn AG, is making an offer to all Stinnes shareholders to buy their Stinnes shares for a price of EUR 32.75 in cash per Stinnes share.
"Our objective is to acquire all Stinnes shares in order to facilitate the integration of the Stinnes Group into the Deutsche Bahn Group," said Diethelm Sack, CFO of Deutsche Bahn, ...