Advertisement
Global  

“News neutrality by unbiased coverage”
One News Page
> >

Public delisting tender offer for the remaining STADA shares launched

EQS Group Thursday, 11 October 2018 ()
· Offer document published today following approval by BaFin
· Four-week acceptance period for the offer ends on Thursday 8 November 2018
· Offer price determined by BaFin equal to the six-months weighted average stock exchange price of EUR 81.73 per STADA share

Frankfurt / Munich, 11 October 2018 – Nidda Healthcare GmbH (“Nidda Healthcare”), a company controlled by funds advised by Bain Capital Private Equity (Europe), LLP (“Bain Capital”) and Cinven Partners LLP (“Cinven”), today published the offer document for the public delisting tender offer (“Offer”) for all shares of STADA Arzneimittel AG (“STADA” or the “Company”) following approval of the publication of the offer document by the German Federal Financial Supervisory Authority (“BaFin”).

The four-week acceptance period has started today and will end at midnight (CET) on Thursday 8 November 2018. The Offer is unconditional and there will be no additional acceptance period. In order to tender their shares, STADA shareholders must issue a written or electronic declaration to their respective custodian bank within the next four weeks. Further information can be found in the offer document.

Nidda Healthcare offers the shareholders of STADA a cash consideration of EUR 81.73 per STADA share equal to the weighted average domestic stock exchange price of STADA shares during the last six months prior to its announcement of the decision to make a public delisting tender offer as determined by BaFin. The cash consideration represents a premium of approx. 23.5 percent on the offer price of EUR 66.25 per STADA share during the successful takeover offer in 2017, and a premium of 10 percent on the cash compensation of EUR 74.40 offered to minority shareholders in the context of the domination and profit and loss transfer agreement.

The German version of the offer document and a non-binding English translation are now available for distribution free of charge at BNP Paribas Securities Services S.C.A., Zweigniederlassung Frankfurt, Europa-Allee 12, 60327 Frankfurt am Main, Germany (requests to be made by providing a complete address by fax on +49 69 1520 5277 or via e-mail to frankfurt.gct.operations@bnpparibas.com). Furthermore, the offer document is available on the internet at www.niddahealthcare-offer.com.  * *

*Media **contacts**:*

For Bain Capital

Hazel Stevenson                                             Ed Gascoigne-Pees

T    +44 (0) 20 375 74 989                             T    +44 (0) 20 375 74 984             

M  +44 (0) 798 600 97 20                             M  +44 (0) 788 400 19 49

E    hazel.stevenson@camarco.co.uk      E    ed.gascoigne-pees@camarco.co.uk


For Cinven

Vanessa Maydon                                            Lutz Golsch

T    +44 (0) 20 766 13325                               T    +49 69 92037 110     

M  +44 (0) 7802 961 902                               M  +49 173 651 7710

E    vanessa.maydon@cinven.com           E   lutz.golsch@fticonsulting.com



*About Bain Capital Private Equity:*

Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of approximately 240 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer, financial and business services, industrials, and technology. Bain Capital’s broader platform has offices in Boston, Chicago, New York, Palo Alto, San Francisco, Dublin, London, Luxembourg, Madrid, Munich, Melbourne, Mumbai, Hong Kong, Shanghai, Guangzhou, Seoul, Sydney and Tokyo and has made investments in more than 320 companies to date. In addition to private equity, Bain Capital invests across asset classes including credit, public equity, venture capital and real estate managing approximately USD 105 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.

For more information, visit www.baincapitalprivateequity.com

* *

*About Cinven:*

Cinven is a leading international private equity firm focused on building world-class European and global companies. Its funds invest in six key sectors: Healthcare, Business Services, Consumer, Financial Services, Industrials, and Technology, Media and Telecommunications (TMT). Cinven has offices in key locations including: Frankfurt, London, Paris, Milan, Madrid, Hong Kong, and New York. Since 1988, Cinven funds have invested in 120 companies worth around €90 billion. Today Cinven has more than €15 billion in assets under management. Cinven takes a responsible approach towards its portfolio companies, their employees, suppliers, local communities, the environment and society.

For more information, please visit www.cinven.com

* *

*Important Notice*

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of STADA. The definite terms of the Offer, as well as further provisions concerning the Offer, are published in the offer document. Investors and holders of STADA shares are strongly advised to read the offer document and all other relevant documents regarding the Offer, since they contain important information.

The Offer is issued exclusively under the laws of the Federal Republic of Germany and certain applicable provisions of U.S. securities law. Any contract that is concluded on the basis of the Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.
0
shares
ShareTweetSavePostSend
 

Recent related news from verified sources

Supplement to the Tender Offer Document by Kildare Nordic Acquisitions S.à r.l. Dated September 6, 2018, Concerning the Voluntary Public Cash Tender Offer for All Shares in Technopolis Plc

TECHNOPOLIS PLC   STOCK EXCHANGE RELEASE                     October 17, 2018 at 5:00 p.m. EEST THIS STOCK EXCHANGE RELEASE MAY NOT BE...
GlobeNewswire - Press Releases

TRC Amends Its Offer for Maxim Integrated Products, Inc.

TORONTO, Oct. 19, 2018 (GLOBE NEWSWIRE) -- TRC Capital Corporation (TRC) announced today that in view of current financial market conditions, TRC has amended the...
GlobeNewswire - Press Releases

Blue Bird Corporation Announces Preliminary Results of Its Successful Tender Offer, Which Was Oversubscribed by a Factor of Approximately 12:1

Blue Bird Corporation Announces Preliminary Results of Its Successful Tender Offer, Which Was Oversubscribed by a Factor of Approximately 12:1
FORT VALLEY, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (NASDAQ: BLBD) (“Blue Bird”) today announced the preliminary results of its tender offer, which...
Business Wire - Press Releases

Grand Talents Group Holdings Limited Announces Its Subscription Results; Recorded Approximately 14 Times of Over-subscription for Its Public Offer

HONG KONG, CHINA - Media OutReach - 12 October 2018 - *Grand Talents Group Holdings Limited *("Grand Talents Group", together with its subsidiaries, the...
Media OutReach - Press Releases

You Might Like


Tweets about this


Other recent news in Press Releases

New Redwood SOFTWARE Research Reveals Market Giants Open up about Their Move towards AutomationPMI Launches SEARCH for Next President and CEO
KSMARTECH EXPANDS TRUSTONIC PARTNERSHIP TO SECURE AUTHENTICATION for iOS and Android AppsMEDMEN REVISES REAL ESTATE ASSETS SALE
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest