Takeover Monthly, 2014/8: Current public tender offers under the German Securities Acquisition and Takeover Act

Morgan Lewis
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Strategic investors extend current offers -

Current offers include the takeover offers to the shareholders of DAB Bank AG, Sky Deutschland AG and Homag Group AG, as well as the acquisition offer for shares of Swarco Traffic Holding AG. An acquisition offer has been announced for shares of aleo solar Aktiengesellschaft. The takeover offers for shares of First Sensor AG, Deutsche Steinzeug Cremer & Breuer AG and Schumag AG, as well as the mandatory offer to the shareholders of Panamax AG, have been completed.

Current public tender offers under the German Securities Acquisition and Takeover Act (“WpÜG”): Offers, results and analyses -

Takeover offer to the shareholders of DAB Bank AG:

BNP Paribas Beteiligungsholding AG (formerly: Skylinehöhe 80. V V AG), Frankfurt am Main (“BNP Holding AG”), is offering the shareholders of DAB Bank AG, Munich, to acquire their no-par value bearer shares of DAB Bank AG (“DAB Bank- Shares”) against a cash consideration of 4.78 euros for each share until October 13, 2014. The completion of the offer is subject to conditions which require the obtaining of certain banking regulatory approvals and the absence of objections from certain banking associations until February 5, 2015.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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