Teleplan International N.V.
Teleplan International N.V.: Teleplan published combined joint reasoned opinion and position statement – Management Board and Supervisory Board recommend shareholders to accept the offer by AMS Acquisition B.V.
Teleplan International N.V. / Key word(s): Tender Offer PRESS RELEASE Teleplan International N.V. published combined joint reasoned opinion and position statement: Management Board and Supervisory Board recommend shareholders to accept the offer by AMS Acquisition B.V. – Offer consideration financially fair and adequate – Strategic and operational rationale of proposed takeover advantageous – Cooperation with offeror will support a successful growth of Teleplan International N.V. Schiphol/Amsterdam, the Netherlands, 20 January 2011. Teleplan International N.V. (ISIN: NL0000229458), the leading global provider of high-tech after-market services for the Computer, Communications and Consumer Electronics industries announces that today its Management Board and Supervisory Board have published their combined joint reasoned opinion and position statement in accordance with Section 27 para. 3 in connection with Section 14 para. 3 of the German Securities Acquisition and Takeover Act (WpÜG) and Section 18 para. 2 in connection with Annex G of the Dutch Public Offer Decree (Besluit openbare biedingen Wft). The Management Board and the Supervisory Board recommend shareholders to accept the offer. Their recommendation is primarily based on the following reasons: – The Management Board and the Supervisory Board are of the opinion that the offer price of EUR 2.50 is fair and adequate to shareholders from a financial perspective. This evaluation has also been confirmed by ABN AMRO Bank N.V. which issued a corresponding fairness opinion. – The Management Board and the Supervisory Board believe that Teleplan International N.V. will benefit from the significant financial strength of the offeror and its broad experience and that Teleplan International N.V. will therefore be able to grow successfully. – On the basis of the intentions and objectives stated in the offer document the Management Board and Supervisory Board believe that the cooperation with the offeror is in the best interests of Teleplan International N.V., its shareholders and all other stakeholders of Teleplan International N.V. The combined joint reasoned opinion and position statement provides in detail the underlying financial and non-financial aspects and the overall circumstances which the Management Board and Supervisory Board considered when establishing their own opinion on the offer. The document is published on Teleplan's website at http://www.teleplan.com/investors. Copies of the document can also be obtained free of charge by contacting Teleplan via e-mail at investor_relations@teleplan.com or by telephone on +31 (0)6 1110 9049.
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Language: | English | |
Company: | Teleplan International N.V. | |
Schiphol Boulevard 201 | ||
1118 BG Schiphol | ||
Niederlande | ||
Phone: | +31 79 330 44 55 | |
Fax: | +31 79 330 44 66 | |
E-mail: | investor_relations@teleplan.com | |
Internet: | www.teleplan.com | |
ISIN: | NL0000229458 | |
WKN: | 916980 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
End of News | DGAP News-Service |
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