DGAP-Adhoc
DATA MODUL AG: Public Takeover
DATA MODUL AG / Key word(s): Offer
28.01.2015 10:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen
Systemen, Munich, Germany, as well as Arrow Electronics, Inc., Centennial,
USA, and its indirect 100 % subsidiary Blitz 14-482 GmbH (in future: Arrow
Central Europe Holding Munich GmbH), Munich, today have entered into an
agreement for the preparation of a public takeover of DATA MODUL
Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen.
Further, Blitz 14-482 GmbH has stated that several shareholders of the
company, among others members of the Hecktor family and Varitronix
Investment Limited, have agreed to transfer their shares, in aggregate
corresponding to 37.36 % of the nominal share capital of the company, to
Blitz 14-482 GmbH against payment of the announced offer price of EUR 27.50
per share in connection with the takeover or to tender their shares into
the public takeover offer announced by Blitz 14-482 GmbH.
DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen
Systemen with its seat in Munich, Germany ("Data Modul AG"), Arrow, Inc.,
with its seat in Centennial, USA ("Arrow, Inc."), and Blitz 14-482 GmbH (in
future: Arrow Central Europe Holding Munich GmbH), a 100 % indirect
subsidiary controlled by Arrow, Inc. with its seat in Munich ("Arrow
CEHM"), today have entered into an agreement with regard to an intended
takeover of Data Modul AG by Arrow CEHM ("Business Combination Agreement").
According to a public announcement of Arrow CEHM pursuant to Sec. 10 of the
German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und
Übernahmegesetz, WpÜG) published today, Arrow CEHM intends to issue a
voluntary public takeover offer pursuant to Secs. 29 et seq. of the German
Securities Acquisition and Takeover Act to the shareholders of Data Modul
AG for the acquisition of all shares in Data Modul AG against payment of a
cash consideration of EUR 27.50 per share. The offer price comprises a
premium of approximately 36 % on the weighted average stock exchange price
of the Data Modul-shares during the three months preceding the day of this
publication.
In addition, Arrow CEHM today has informed the company that they have
entered into a share purchase agreement with shareholders of the Hecktor
Systemen, Munich, Germany, as well as Arrow Electronics, Inc., Centennial,
USA, and its indirect 100 % subsidiary Blitz 14-482 GmbH (in future: Arrow
Central Europe Holding Munich GmbH), Munich, today have entered into an
agreement for the preparation of a public takeover of DATA MODUL
Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen.
Further, Blitz 14-482 GmbH has stated that several shareholders of the
company, among others members of the Hecktor family and Varitronix
Investment Limited, have agreed to transfer their shares, in aggregate
corresponding to 37.36 % of the nominal share capital of the company, to
Blitz 14-482 GmbH against payment of the announced offer price of EUR 27.50
per share in connection with the takeover or to tender their shares into
the public takeover offer announced by Blitz 14-482 GmbH.
DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen
Systemen with its seat in Munich, Germany ("Data Modul AG"), Arrow, Inc.,
with its seat in Centennial, USA ("Arrow, Inc."), and Blitz 14-482 GmbH (in
future: Arrow Central Europe Holding Munich GmbH), a 100 % indirect
subsidiary controlled by Arrow, Inc. with its seat in Munich ("Arrow
CEHM"), today have entered into an agreement with regard to an intended
takeover of Data Modul AG by Arrow CEHM ("Business Combination Agreement").
According to a public announcement of Arrow CEHM pursuant to Sec. 10 of the
German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und
Übernahmegesetz, WpÜG) published today, Arrow CEHM intends to issue a
voluntary public takeover offer pursuant to Secs. 29 et seq. of the German
Securities Acquisition and Takeover Act to the shareholders of Data Modul
AG for the acquisition of all shares in Data Modul AG against payment of a
cash consideration of EUR 27.50 per share. The offer price comprises a
premium of approximately 36 % on the weighted average stock exchange price
of the Data Modul-shares during the three months preceding the day of this
publication.
In addition, Arrow CEHM today has informed the company that they have
entered into a share purchase agreement with shareholders of the Hecktor
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