15.03.2017
Pfeiffer Vacuum Technology AG DE0006916604
DGAP-News: Pfeiffer Vacuum Technology AG: Termination of offer
DGAP-News: Pfeiffer Vacuum Technology AG / Key word(s): Statement
Pfeiffer Vacuum Technology AG: Termination of offer
15.03.2017 / 15:00
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Voluntary public tender offer for Pfeiffer Vacuum terminated
Asslar, March 15, 2017. The termination of the voluntary public tender offer
by the Busch Group is good news for Pfeiffer Vacuum and its shareholders. In
the opinion of the Pfeiffer Vacuum Management Board, the Busch Group was
aiming to gain active control of Pfeiffer Vacuum without paying a customary
and appropriate takeover premium. In a reasoned statement, the Management
Board and Supervisory Board of Pfeiffer Vacuum therefore rejected this offer
for being inadequate and advised the shareholders of Pfeiffer Vacuum to not
accept the Busch Group's offer.
Pfeiffer Vacuum will continue to pursue its successful strategy of combining
organic growth in markets such as Asia and the USA with strategic
acquisitions, thereby offering its shareholders attractive long-term
prospects. Additionally, the company continues its announced review of
further options to ensure that the shareholders participate adequately in
the value creation at Pfeiffer Vacuum.
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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15.03.2017 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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