Axel Springer SE: KKR offer accepted for 27.8 percent of Axel Springer shares
At the end of the offer period on 2 August 2019, the voluntary public tender offer by KKR to all shareholders of Axel Springer had been accepted by shareholders representing 27.8 percent of the share capital. The acceptance rate thus clearly exceeded the minimum acceptance threshold of 20 percent.
Pursuant to section 16 of the German Securities Acquisition and Takeover Act, shareholders who have not yet tendered their shares can accept the offer at an offer price of EUR 63.00 per share during the mandatory additional acceptance period. The additional acceptance period will last for 14 days and end on 21 August 2019 at 24:00 (local time Frankfurt am Main).
The completion of the offer remains subject to merger control, foreign investment and media concentration clearances.
Press contact: Edda Fels Axel Springer SE +49 30 2591 email@example.com
About Axel Springer Axel Springer is a media and technology company and active in more than 40 countries. By providing information across its diverse media brands (among others BILD, WELT, BUSINESS INSIDER, POLITICO Europe) and classifieds portals (StepStone Group and AVIV Group) Axel Springer SE empowers people to make free decisions for their lives. Today, the transformation from a traditional print media company to Europe's leading digital publisher has been successfully accomplished. The next goal has been identified: Axel Springer wants to become global market leader in digital content and digital classifieds through accelerated growth. The company is headquartered in Berlin and employs more than 16,300 people worldwide. In the fiscal year 2018, Axel Springer generated 71 percent of revenues with its digital activities which also contributed 84 percent to earnings (adj. EBITDA).
07.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Axel Springer SE Axel-Springer-Straße 65 10888 Berlin
Germany Phone: +49 (0)30 2591-77421 Fax: +49 (0)30 2591-77422 E-mail: firstname.lastname@example.org Internet: www.axelspringer.de ISIN: DE0005501357, DE0005754238, WKN: 550135, 575423, Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 853217 End of News DGAP News Service