07.03.2017
Pfeiffer Vacuum Technology AG DE0006916604
DGAP-News: Pfeiffer Vacuum Technology AG: Extraordinary General Meeting
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): AGM/EGM
Pfeiffer Vacuum Technology AG: Extraordinary General Meeting
07.03.2017 / 15:00
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Pfeiffer Vacuum Invites Shareholders to Extraordinary General Meeting -
Prospectively Extended Offer Period Until April 24, 2017
Asslar, March 7, 2017. Given the circumstances of the public takeover offer
made by Pangea GmbH, a company wholly owned by Busch SE ("Busch Group"),
and the offer document published on February 13, 2017, Pfeiffer Vacuum
Technology AG ("Pfeiffer Vacuum") is inviting the company's shareholders to
an extraordinary general meeting. The meeting will take place on Monday,
April 3, 2017, at 10 a.m. in the Stadthalle Wetzlar, Brühlsbachstraße 2b,
35578 Wetzlar.
The Busch Group's offer stipulates a price of EUR 96.20 per Pfeiffer Vacuum
share. Having carefully reviewed the offer and consulted with the bank UBS
Europe SE, the Management Board and Supervisory Board of Pfeiffer Vacuum,
in a reasoned statement that includes an addendum, rejected this offer for
being inadequate and advised the shareholders of Pfeiffer Vacuum to not
accept the Busch Group's offer. Moreover, the Management Board and
Supervisory Board are not persuaded by the bidder's strategic concept.
In keeping with the recommendations of the German Corporate Governance
Code, Pfeiffer Vacuum's shareholders are to be afforded the opportunity to
speak to, discuss and ask questions about the takeover bid at the
extraordinary general meeting. There is no provision for the adoption of a
resolution on this sole item on the agenda.
Manfred Bender, CEO of Pfeiffer Vacuum Technology AG, comments, "In our
opinion, the Busch Group is aiming to gain active control of Pfeiffer
Vacuum without paying a customary and appropriate takeover premium. A
coherent strategic concept for potential collaboration has not yet been
presented by Busch. Nothing less than the future of Pfeiffer Vacuum is at
stake here. With this discussion, we are affording our shareholders the
opportunity to make an informed decision and accept the offer or, as
recommended, to reject it."
The convening of the extraordinary general meeting and the Busch Group's
expected waiver of the applicable terms for the closing of its offer would
extend the acceptance period for the Busch Group's takeover offer by six
weeks. The offer period would then prospectively end at midnight of April
24, 2017.
The full invitation to the extraordinary general meeting of Pfeiffer Vacuum
Technology AG may be viewed in German only on the company website via the
following link:
https://group.pfeiffer-vacuum.com/en/investor-relations/annual-general-
meeting/
Important Note
This Press Release may contain certain future-oriented statements based on
current assumptions and prognoses by the corporate management of Pfeiffer
Vacuum Technology AG or of companies affiliated with Pfeiffer Vacuum
Technology AG. As a result of various known and unknown risks and
contingencies, as well as other factors, the actual results, financial
position, development or performance of Pfeiffer Vacuum Technology AG and
of the companies affiliated with Pfeiffer Vacuum Technology AG may diverge
significantly from the appraisals given here. Neither Pfeiffer Vacuum
Technology AG nor the companies affiliated with Pfeiffer Vacuum Technology
AG accept any obligation to update such future-oriented statements and
bring them into line with future events or developments.
Contact
Pfeiffer Vacuum Technology AG
Investor Relations
Eerik Budarz
T +49 6441 802 1346
F +49 6441 802 1365
[email protected]
About Pfeiffer Vacuum
Pfeiffer Vacuum (stock exchange symbol PFV, ISIN DE0006916604) is one of
the world's
leading providers of vacuum solutions. In addition to a full range of
hybrid and magnetically
levitated turbopumps, the product portfolio encompasses backing pumps,
measurement and
analysis devices, components as well as vacuum chambers and systems. Ever
since the
invention of the turbopump by Pfeiffer Vacuum, the company has stood for
innovative
solutions and high-tech products that are used in the markets Analytics,
Industry, Research
& Development, Coating and Semiconductor. Founded in 1890, Pfeiffer Vacuum
is globally
active today. The company employs a workforce of some 2,350 people and has
more than
20 subsidiaries.
For more information, please visit www.group.pfeiffer-vacuum.com
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07.03.2017 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.de
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Language: English
Company: Pfeiffer Vacuum Technology AG
Berliner Str. 43
35614 Asslar
Germany
Phone: +49 6441 802-0
Fax: +49 6441 802-1365
E-mail: [email protected]
Internet: www.pfeiffer-vacuum.de
ISIN: DE0006916604
WKN: 691660
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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