Persbericht Hagemeyer - EC goedkeuring overname door Rexel
22 februari 2008, 17:20 uur | FD.nl/Betten
Amsterdam (BETTEN FINANCIAL NEWS) - Hier volgt de tekst van een persbericht van Hagemeyer.
THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY,
IN OR INTO AUSTRALIA, CANADA, JAPAN, ITALY OR THE UNITED STATES OF AMERICA
Paris, Naarden, 22 February 2008
This is a joint press release of Hagemeyer N.V. and Kelium S.A.S. pursuant to the provisions of Section 9b(1), of the Dutch Securities Trade Supervision Decree 1995 (Besluit toezicht effectenverkeer 1995) (the Bte 1995). This announcement does not constitute an offer for any shares
or bonds in Hagemeyer N.V.
ACQUISITION OF HAGEMEYER CLEARED BY ANTI-TRUST AUTHORITIES
Reference is made to the recommended public offer made by Kelium S.A.S. (the Offeror), an indirect subsidiary of Rexel S.A. (Rexel), for (i) all the issued and outstanding shares with a nominal value of euro 1.20 each in the share capital of Hagemeyer N.V. (Hagemeyer) at a price of euro 4.85 per share and (ii) all issued and outstanding 3.50 percent subordinated convertible bonds due 2012 (the Offer).
The European Commission today authorized Rexel to proceed with its proposed acquisition of Hagemeyer’s European assets.
The Commission required, as sole remedy, the post-closing divestiture by Rexel of Hagemeyer's electrical wholesale business in Ireland, representing less than 40 million euro of sales.
This approval marks a significant step towards completion of this strategic transaction for Rexel and Sonepar. Following the Commission’s authorization of Sonepar’s acquisition of the Sonepar Entities, as set out in Section 5.16.4 and Section 8 of the offer memorandum dated 21 December 2007 (the Offer Memorandum), it finalizes the set of antitrust approvals sought by both companies in connection with the transaction.
Subject to the terms of the Offer Memorandum, the tender period under the Offer will expire at 15.00 hours, Amsterdam time on 4 March 2008.
Further information
The information in this announcement is not complete. For further information, reference is made to the Offer Memorandum.
(c) BETTEN FINANCIAL NEWS (tel: +31 20 710 1756; fax: +31 20 710 1875)