SOF-11 Starlight 10 EUR S.à r.l.
Starwood Capital Group extends acceptance period for CA Immo offer – acceptance period now expires on 30 May 2018
DGAP-News: SOF-11 Starlight 10 EUR S.à r.l. / Key word(s): Offer/Mergers & Acquisitions Starwood Capital Group extends acceptance period for CA Immo offer – acceptance period now expires on 30 May 2018 Vienna/Luxembourg, 27 April 2018 – SOF-11 Starlight 10 EUR S.à r.l., a holding company controlled by funds advised by Starwood Capital Group (together with its affiliates, “Starwood Capital”) today announced the extension of the acceptance period for the voluntary public tender offer to the shareholders of CA Immobilien Anlagen AG (“CA Immo”) published on 18 May 2018. The acceptance period is extended by two weeks to a total of six weeks. Shareholders can therefore accept the offer and tender their shares until 5pm (CET) on 30 May 2018. On 19 April 2018, IMMOFINANZ AG had announced its intention to initiate a structured bidding process for its 26 percent stake and the four registered shares in CA Immo. The decision by Starwood Capital to extend the acceptance period allows shareholders to incorporate any resulting short-term changes to the shareholding structure into their decision regarding the voluntary public tender offer of Starwood Capital. Apart from the extension of the acceptance period, no other amendments to the tender offer have been undertaken. The shareholders of CA Immo are offered EUR 27.50 per CA Immo share (ISIN AT0000641352) cum dividend. The partial tender offer is aimed at acquiring up to 25,690,167 bearer shares representing up to 26 percent of the overall issued bearer shares of CA Immo. After expiration of the acceptance period, the offer will not be extended by an “additional acceptance period” since none of the conditions specified in Sec. 19 para 3 ATA applies. Subject to the fulfilment of the offer conditions, closing of the transaction is expected in the second quarter of 2018. The voluntary public tender offer to the shareholders of IMMOFINANZ AG published on 18 May 2018 is not affected by this decision. Shareholders can still accept the offer and tender their shares until 5pm (CET) on 30 May 2018. The extension of the acceptance period was approved by the Austrian Takeover Commission (ATC). The amended offer document and non-binding English translation are now available at the website of the ATC [link: http://www.takeover.at/uebernahmeangebote/]. Copies can also be obtained free of charge at Raiffeisen Centrobank AG, Tegetthoffstrasse 1, 1010 Vienna (orders by email: dividends@rcb.at). About Starwood Capital Group Starwood Capital Group is a private alternative investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 11 offices in five countries around the world, and currently have approximately 3,800 employees. Starwood Capital Group has raised $45 billion of equity capital since its inception in 1991, and currently manages approximately $56 billion in assets. The Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Over the past 26 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at starwoodcapital.com.
Europe Christian Falkowski Regina Frauen US Tom Johnson Patrick Tucker
27.04.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |