Grainger FRM GmbH
Grainger FRM GmbH and Francono Rhein-Main AG make preparations for a domination and (possibly) profit transfer agreement
Grainger FRM GmbH / Contract Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Frankfurt am Main, 18 March 2008 Grainger FRM GmbH and Francono Rhein-Main AG make preparations for a domination and (possibly) profit transfer agreement Grainger FRM GmbH, having its registered office in Frankfurt am Main, an indirect subsidiary of Grainger plc, and Francono Rhein-Main AG, an exchange listed stock corporation having its registered office in Frankfurt am Main, have agreed to take preparatory steps for the conclusion of a domination and (possibly) profit transfer agreement and to mandate an audit firm to carry out the necessary appraisal work. In addition, Grainger FRM GmbH and Francono Rhein-Main AG today jointly applied to the regional court (Landgericht) Frankfurt am Main for the appointment of an ap-praiser (Vertragsprüfer) pursuant to Sec. 293b(1) of the German Stock Corporation Act. Grainger FRM GmbH has made a voluntary public takeover offer to acquire the shares of Francono Rhein-Main AG; the period of acceptance is expected to end on 2 April 2008. On 3 March 2008, Grainger FRM has published an appropriate offer document (offer price of EUR 1.79 per share). In the offer document, Grainger FRM GmbH had already announced its intention to propose the conclusion of a domination and/or profit transfer agreement pursuant to Sec. 291 et seqq. of the German Stock Corporation Act (Aktiengesetz) with Francono Rhein-Main AG as the dominated company, if, after closing of the Offer, Grainger FRM GmbH holds more than 75% but less than 95% of the registered share capital of Francono Rhein-Main AG. Grainger FRM GmbH has also announced its intention to explore together with Fran-cono Rhein-Main AG the feasibility of commencing with preparatory steps prior to the settlement of the Offer. The offer document, which contains the conditions to the Offer, is available on the internet at http://www.grainger-angebot.de. Grainger FRM GmbH Mainzer Landstraße 47 60329 Frankfurt am Main Germany 18.03.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden