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Article: Deutsche Bahn Achieves Important Milestones In Its Takeover Offer For Stinnes.
- Article from:
- PR Newswire
- Article date:
- September 13, 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 -- Pursuant to the framework of its takeover offer to Stinnes shareholders, Deutsche Bahn(1) this week exceeded the important threshold of 75 percent ownership of Stinnes AG, which is a requirement to the entrepreneurial management of the company. From now on Deutsche Bahn can act as the qualified majority shareholder at the main shareholders' meeting of the company.
The approval of the Federal Transport Ministry for the purchase of up to 100% of Stinnes shares, which has now been granted, is another important step on the road to the takeover of Stinnes AG by Deutsche Bahn. One of two suspensive conditions to the takeover offer has thereby been fulfilled. ...