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Wordt Atrium overgenomen door Gazit GAIA...?

35 Posts, Pagina: « 1 2 | Laatste
voda
0
Koers Atrium de hoogte in na overnamebod

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Atrium European Real Estate Ltd
3,69 0,52 16,40 % Wiener Börse
Atrium European Real Estate Ltd
3,68 0,565 18,14 % Euronext Amsterdam

(ABM FN-Dow Jones) De koers van Atrium European Real Estate stijgt dinsdag ruim 17 procent tot 3,66 euro, nadat Gazit-Globe een bod van 3,75 euro per aandeel in contanten deed op het Oostenrijkse vastgoedconcern met een notering aan Euronext Amsterdam.

Gazit heeft al een belang van 60,1 procent in Atrium. Het bod van 3,75 euro geeft een premie van 18,3 procent ten opzichte van de slotkoers op 22 juli.

De bestuur van Atrium steunt het overnamebod van Gazet. De overname gaat alleen door wanneer een meerderheid van 75 procent van de aandeelhouders die het resterende belang van 39,9 procent in handen hebben, hiermee instemt.

De overname wordt vervolgens in januari 2020 afgerond.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
phoen1x
0
Heeft iemand scherp of we 3,75 + 0,60 krijgen of 3,15 + 0,60? De koers suggereert het laatste, de PDF het eerste.
DeZwarteRidder
0
quote:

phoen1x schreef op 23 juli 2019 22:28:


Heeft iemand scherp of we 3,75 + 0,60 krijgen of 3,15 + 0,60? De koers suggereert het laatste, de PDF het eerste.

De teksten zijn zeer onduidelijk.
DeZwarteRidder
0
Firstly, the implementation agreement provides for a 7 week “Go-Shop” provision, which enables Atrium to solicit superior offers for the company.If such superior offer is received, the Independent Committee of the Board of Directors may in certain circumstances rescind its recommendation for the acquisition by Gazit and instead recommend the superior offer. If nosuch superior offer is received, we will proceed with recommending the Gazit acquisition as announced today.Secondly, the Gazit proposal will be implemented via a court sanctioned scheme of arrangement in accordance with article 125 of the Companies (Jersey) Law 1991 (the “Scheme”).

The sanctioning of the Scheme by the court ensures that the acquisition can only succeed if a majority of the minority (non-Gazit) shareholders who are present and vote at the court meeting, representing at least 75% of the minority shareholders vote in favour of the scheme, Thirdly, the Independent Committee of the Board of Directors is free to change or withdraw their recommendation in good faith and in line with their fiduciary duties if a change of circumstances requires the Independent Committee of the Board of Directors to do so.And fourthly, the Independent Committee of the Board of Directors has received a fairness opinion letter from UBS as to the financial terms of the offer, subject to the terms and conditions set out therein.As such, the Independent Committee of the Board of Directors is confidentthat theprocess with Gazit has been run at an arm’s length basis, and that we have secured the appropriate protections for our minority shareholders. We look forward to addressing any questions you may have in respect of today’s announcement. To the extent they are not covered in the enclosed FAQ catalogue, we encourage you to submit your questions in writing to UBS (ol-renoir-ubs@ubs.com) and we will respond to you at our earliest convenience.
DeZwarteRidder
0
7.Please explain the special dividend component of Gazit offer; What is the exact timing and is it a risk factor for minority shareholders? It is envisaged that Atrium will pay a special dividend of a maximum amount of € 0.60 in cash to its shareholders on or about the date that the consideration that is due under the scheme of arrangement will be paid. Atrium will pay the special dividend out of the cash that is available for dividend distributions. Should Atrium not have sufficient available cash to pay the entire special dividend amount, the remainder will be paid in cash by Gazit on 16 January 2020. This will not have effect on the minority shareholders.

8.Why have quarterly dividend payments been stopped by the Board? The Independent Committee of the Board of Directors has agreed to stop dividend payments as Gazit's offer assumes that no further dividends will be paid until the completion of the transaction which is scheduled for 02 January 2020. Atrium shareholders are compensated for this through the offer price.
DeZwarteRidder
0
Atrium European Real Estate Limited Regulated by the Jersey Financial Services CommissionRegistered Address: 11 –15 Seaton Place St HelierJersey JE4 0QH Channel IslandsBusiness Address: 4thFloor, Channel HouseGreen StreetSt Helier, Jersey JE2 4UHChannel IslandsWebsite.www.aere.comTel.+44 15 348 80 690 Fax.+44 15 346 17 46420.Why is the transaction expected to complete in January 2020? This timing has been agreed with Gazit as part of the overall negotiations, and is based on a corporate reorganization to be effected in connection with the transaction. It is to be noted that the transaction for all intents and purposes becomes effective on 5 November 2019 and that there are no remaining conditions that prevent a closing of the transaction and payment of the consideration. 21.Are there any risks between 5 November 2019 and closingin January 2020 which will be borne by the minority shareholders?After the scheme court sanctions hearing on 5 November 2019, there will be no remaining conditions that prevent the scheme to become effective and payment of the consideration. 22.Is there any material adverse change clause agreed on between Atrium and Gazit? Yes, which can be invoked by Gazit until the sanctioning of the Scheme by the court on 5 November 2019.

23.What is the date of the extraordinary shareholder meeting?The extraordinary shareholder meeting will immediately follow the meeting convened by the court (as discussed in Q. 18 above), which we anticipate will be scheduled for 25 October 2019.

24.Is it possible that the offer price could be raised?Under the agreed “Go-Shop” provision, any third party could submit a potential superior offer with a higher all cash-consideration than Gazit’s proposal.

25.Do you anticipate any antitrust issues, and if, yes, where?The transaction is not conditional on any anti-trust approval.

26.What will happen if shareholders will not approve the announced transaction?The transaction will not proceed, and none of its benefit for Atrium and its minority shareholders will materialize.
CuteSquab
0
Atrium recorded an operating result (EBITDA) of 41.4 million euros. That was 39.8 million euros a year earlier. In its own words, the company benefited from a cost savings program and higher rents. Net rental growth based on the www.mcdvoice.page/ Epra accounting method increased by 4.1 percent to 32.5 million euros.

Currently, 80 percent of Atrium's portfolio is in Poland and the Czech Republic. The company has recently left the markets in Hungary and Romania.
Leeser1959
0
Gazit Globe koopt via de dochterondernemingen (Midas en Gaia) de laatste tijd weer fors Atrium.
voda
0
Huurinkomsten Atrium sterk omlaag

Gepubliceerd op 5 augustus 2020 07:28 | Views: 78

Atrium 04 aug
2,35 0,00 (0,00%)

JERSEY (AFN) - Atrium European Real Estate heeft zijn huurinkomsten in de eerste helft van het jaar fors zien dalen. Dat kwam naar voren uit een tussentijds handelsbericht. Het vastgoedfonds, dat een notering heeft op de beurs in Amsterdam, had duidelijk last van de coronacrisis.

De huurinkomsten daalden met 22,8 procent tot 71,4 miljoen euro. Het bedrijfsresultaat (ebitda) kwam uit op 61,6 miljoen euro. Dat was een jaar terug nog 81,5 miljoen euro. Atrium zag de bezettingsgraad uitkomen op 95,4 procent, tegen 97 procent eind december.

Begin mei bleek al dat Atrium veel last heeft van de coronacrisis. Destijds gaf de onderneming aan in Polen bijvoorbeeld verplicht te zijn om vanwege de crisis de huren te verlagen. De Poolse regering nam eerder wetgeving aan die het mogelijk maakt voor bedrijven om tijdelijk lagere huren af te dwingen voor winkelunits in commerciële gebouwen met een verkoopoppervlakte van meer dan 2000 vierkante meter. Bedrijven die van de regeling gebruik maken zijn wel verplicht huurcontracten voor eenzelfde periode als de winkelsluitingen te verlengen plus een extra zes maanden.

Ook in Rusland waren destijds veel winkels dicht vanwege het virus.
GrindNshiP
0
quote:

Leeser1959 schreef op 20 augustus 2020 12:56:


Gazit blijft aandelen Atrium bijkopen.


Inderdaad, sinds het bod van c.a. jaar geleden is hun positie weer toegenomen van 60 naar 65%.
Leeser1959
0
quote:

GrindNshiP schreef op 20 augustus 2020 16:48:


[...]

Inderdaad, sinds het bod van c.a. jaar geleden is hun positie weer toegenomen van 60 naar 65%.


Ik denk dat ze inmiddels op ca. 69% zitten.
tommyshelbyop
0
quote:

CuteSquab schreef op 2 juli 2020 11:26:


Atrium recorded an operating result (EBITDA) of 41.4 million euros. That was 39.8 million euros a year earlier. In its own words, the company benefited from a cost savings program and higher rents. Net rental growth based on the www.mcd-voicex.com/ Epra accounting method increased by 4.1 percent to 32.5 million euros.

Currently, 80 percent of Atrium's portfolio is in Poland and the Czech Republic. The company has recently left the markets in Hungary and Romania.


very deep information shared
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