EQS-WpÜG
Takeover Offer / Target company: OHB SE; Bidder: Orchid Lux HoldCo S.à r.l.
- Orchid Lux HoldCo S.à r.l. has decided to make a voluntary public takeover offer to acquire all shares of OHB SE.
- The offer will be for a cash consideration of EUR 44.00 per OHB share, representing a 39% premium to the average price over the past three months.
- OHB's Management Board and Supervisory Board have approved the offer and intend to recommend its acceptance to shareholders.
- The offer will be subject to customary conditions and will not be subject to a minimum acceptance threshold.
EQS-WpÜG: Orchid Lux HoldCo S.à r.l. / Takeover Offer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. |
Publication of the decision to issue a voluntary public
takeover offer pursuant to Sec. 10 (1) in conjunction with Sections 29, 34 of the German Securities Acquisition and Takeover Act (WpÜG)
Bidder:
Orchid Lux HoldCo S.à r.l.
2, rue Edward Steichen
L-2540 Luxembourg
Grand Duchy of Luxembourg
Target:
OHB SE
Manfred-Fuchs-Platz 2-4
28359 Bremen
Germany
registered with the commercial register of the local court (Amtsgericht) of Bremen under HRB 30268 HB
ISIN: DE0005936124 (WKN: 593612)
Today, Orchid Lux HoldCo S.à r.l. ("Bidder"), a holding company controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co L.P., has decided to offer to the shareholders of OHB SE ("OHB") by way of a voluntary public takeover offer ("Takeover Offer") to acquire all no-par value bearer shares in OHB with a proportionate interest in the share capital of EUR 1.00 per share ("OHB Shares"). The Bidder intends to offer a cash consideration in the amount of EUR 44.00 per OHB Share. This represents a premium of 39 % to the volume-weighted Xetra average price of the OHB Shares over the past three months.