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Home›Green Marine›Tognum AG comments on current market
Green Marine

May 16, 2011 · about 15 years ago

Tognum AG comments on current market

Daimler AG and Rolls-Royce Group plc have Friday verbally confirmed to the executive board of Tognum AG that they may be prepared to amend the tender offer and raise the offer price by an additional 8.3 percent to EUR 26.00 if this increased offer will be supported. At this point in time, Tognum AG

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Daimler AG and Rolls-Royce Group plc have Friday verbally confirmed to the executive board of Tognum AG that they may be prepared to amend the tender offer and raise the offer price by an additional 8.3 percent to EUR 26.00 if this increased offer will be supported. At this point in time, Tognum AG has not received any officially amended offer and there is no certainty regarding the submission of such an amended offer on the part of the company.

In principal, the executive board welcomes the willingness of the bidder to consider an increased offer price. As soon as the company has been provided with the complete amended offer, the executive board and the supervisory board will comment on it after examination and issue a supplementary statement pursuant to section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG).

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