Vitesco Technologies Group AG / DE000VTSC017
15.11.2023 - 12:30:05Schaeffler AG publishes offer document for unsolicited tender offer for Vitesco Technologies Group AG
| Vitesco Technologies Group AG / Key word(s): Takeover/Mergers & Acquisitions 15.11.2023 / 12:30 CET/CEST The issuer is solely responsible for the content of this announcement. Regensburg, November 15, 2023. Vitesco Technologies acknowledges that Schaeffler today published the offer document for the unsolicited voluntary public tender offer for Vitesco Technologies. The Executive Board and Supervisory Board of Vitesco Technologies will comprehensively assess the offer document taking into account the interests of all stakeholders and publish a reasoned statement on the offer in due course. The Executive Board and the independent Special Committee of the Supervisory Board will determine whether the price offered by Schaeffler is financially adequate for all shareholders. Vitesco Technologies notes that several shareholders have publicly stated that the offered price of €91 per share is inadequate given Vitesco Technologies’ value and attractive growth prospects as an independent company. It is further the intention of the Vitesco Technologies boards to ensure that the success factors of Vitesco Technologies will be maintained and protected in any potential future corporate structure. Vitesco Technologies is therefore in talks with Schaeffler on the parameters of a potential business combination. Contact for investors Heiko Eber Leiter Investor Relations Telefon +49 941 2031 72348 Heiko.Eber@vitesco.com Contact for journalists Simone Geldhäuser Head of Media Relations Tel: +49 (0)941 2031 61302 simone.geldhaeuser@vitesco.com Press portal https://www.vitesco-technologies.com/en-us/press-events/press Investor portal https://ir.vitesco-technologies.com/ Social media www.vitesco-technologies.com www.linkedin.com/company/vitesco-technologies www.twitter.com/VitescoT www.facebook.com/VitescoTechnologies www.instagram.com/vitesco_technologies www.youtube.com/VitescoTechnologies www.vitesco-technologies.com/en/WeChat 15.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | Vitesco Technologies Group AG |
| Siemensstraße 12 | |
| 93055 Regensburg | |
| Germany | |
| Phone: | +49 941 2031 0 |
| E-mail: | ir@vitesco.com |
| Internet: | www.vitesco-technologies.com |
| ISIN: | DE000VTSC017 |
| WKN: | VTSC01 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1774295 |
| End of News | EQS News Service |
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