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Vitesco Technologies Group AG
ISIN: DE000VTSC017
WKN: VTSC01
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Vitesco Technologies Group AG · ISIN: DE000VTSC017 · EQS - Company News (55 News)
Country: Germany · Primary market: Germany · EQS NID: 1774295
15 November 2023 12:30PM

Schaeffler AG publishes offer document for unsolicited tender offer for Vitesco Technologies Group AG


EQS-News: Vitesco Technologies Group AG / Key word(s): Takeover/Mergers & Acquisitions
Schaeffler AG publishes offer document for unsolicited tender offer for Vitesco Technologies Group AG

15.11.2023 / 12:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Regensburg, November 15, 2023. Vitesco Technologies acknowledges that Schaeffler today published the offer document for the unsolicited voluntary public tender offer for Vitesco Technologies. The Executive Board and Supervisory Board of Vitesco Technologies will comprehensively assess the offer document taking into account the interests of all stakeholders and publish a reasoned statement on the offer in due course.

The Executive Board and the independent Special Committee of the Supervisory Board will determine whether the price offered by Schaeffler is financially adequate for all shareholders. Vitesco Technologies notes that several shareholders have publicly stated that the offered price of €91 per share is inadequate given Vitesco Technologies’ value and attractive growth prospects as an independent company.

It is further the intention of the Vitesco Technologies boards to ensure that the success factors of Vitesco Technologies will be maintained and protected in any potential future corporate structure. Vitesco Technologies is therefore in talks with Schaeffler on the parameters of a potential business combination.
 

Contact for investors
Heiko Eber
Leiter Investor Relations
Telefon +49 941 2031 72348
Heiko.Eber@vitesco.com

Contact for journalists
Simone Geldhäuser
Head of Media Relations
Tel: +49 (0)941 2031 61302
simone.geldhaeuser@vitesco.com

Press portal
https://www.vitesco-technologies.com/en-us/press-events/press

Investor portal
https://ir.vitesco-technologies.com/

Social media
www.vitesco-technologies.com
www.linkedin.com/company/vitesco-technologies
www.twitter.com/VitescoT
www.facebook.com/VitescoTechnologies
www.instagram.com/vitesco_technologies
www.youtube.com/VitescoTechnologies
www.vitesco-technologies.com/en/WeChat



15.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Vitesco Technologies Group AG
Siemensstraße 12
93055 Regensburg
Germany
Phone: +49 941 2031 0
E-mail: ir@vitesco.com
Internet: www.vitesco-technologies.com
ISIN: DE000VTSC017
WKN: VTSC01
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1774295

 
End of News EQS News Service

1774295  15.11.2023 CET/CEST

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