Harman International Industries Inc.
Harman Intl. Industries tempe
Harman Intl. Industries: Harman Becker Automotive Sytems (Becker Division) GmbH
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Harman Intl. Industries: Harman Becker Automotive Sytems (Becker Division) GmbH
Press Release – Final Result of the Mandatory Tender Offer to the Shareholders
of CAA AG, Filderstadt
Harman Becker Automotive Systems (Becker Division) GmbH announces that the
mandatory tender offer by Harman Becker Automotive Systems (Becker Division)
GmbH to the outside shareholders of CAA AG, Filderstadt pursuant to the German
Securities Acquisition and Takeover Act of December 20, 2001 (WpÜG), published
on March 6, 2002, has been accepted after expiry of the acceptance period on
April 26, 2002, 12:00 p.m. (CET) for a total of 1,222,158 shares with 1,222,158
votes and a pro rata amount of the aggregate stated capital of CAA AG in the
amount of EUR 1,222,158.00. This represents a share of 13.33% of the aggregate
stated capital. As a consequence of the mandatory tender offer and additional
share acquisitions outside the mandatory tender offer, Harman Becker Automotive
Systems (Becker Division) GmbH currently holds a pro rata share of 95,09 % of
the stated capital and voting rights of CAA AG. As a result, Harman Becker
Automotive Systems (Becker Division) GmbH has exceeded a share of 95 % of the
aggregate stated capital as required by the German Stock Corporation Act for the
transfer of shares against cash compensation (so-called squeeze-out).
Harman Becker is a subsidiary of Harman International Industries, Incorporated,
Northridge, California, USA, the ultimate parent of the Harman Group. Harman
Becker is a provider of technological innovations in the automobile navigation
industry, telematics and digital TV tuning technology. CAA is a developer and
provider of operating concepts, graphic user systems, and software for CarPC-
systems, (i.e., integrated driver information and communication systems for
automobiles).
end of message, (c)DGAP 30.04.2002
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