Authorization

Axel Springer Recommends Shareholders Accept KKR Offer

(RTTNews) - German digital publishing house Axel Springer SE's (AXELF.PK) supervisory and executive boards recommended its shareholders to accept 63.00 euros per share buyout offer from Global investment firm Kohlberg Kravis Roberts or KKR & Co. L.P. (KKR).

Axel Springer stated that the private equity firm's cash offer of 63.00 euros per share is fair from a financial point of view and represents a 39.7 percent premium over the company's closing share price on 29 May 2019, the day before Axel Springer confirmed discussions with KKR about a potential strategic investment.

The tender period for the offer started with the publication of the offer document on 5 July 2019 and will end on 2 August 2019.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2019    »
ПнВтСрЧтПтСбВс
 123456
78910111213
14151617181920
21222324252627
28293031