Design Hotels AG
Starwood intends to enter into domination agreement with Design Hotels AG
Design Hotels AG / Key word(s): Miscellaneous Starwood intends to enter into domination agreement with Design Hotels AG Berlin, March 18, 2014 – Design Hotels AG (m:access, Munich: LBA; ISIN: DE0005141006) Starwood Hotels & Resorts Worldwide, Inc., Stamford U.S.A., has informed Design Hotels AG of its intention to conclude a domination agreement with Design Hotels AG. The Management Board of Design Hotels AG has consequently made the decision to enter into negotiations on the domination agreement with Starwood Hotels & Resorts Worldwide, Inc. The provisions of the domination agreement regarding the rights of the minority shareholders to payment of a guaranteed dividend and compensation will be determined in line with the statutory requirements and on the basis of a pending evaluation of the company. In order to become effective, the domination agreement desired by Starwood Hotels & Resorts Worldwide, Inc. requires the approval of the general shareholders’ meeting. Contact: End of Corporate News 18.03.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
258070 18.03.2014 |