Spruch z 2014_2 from SpruchZ
21 November 2014
Expected amount of cash compensation for squeeze-out at WMF AG announced
Munich - Finedining Capital AG ("Finedining Capital"), a holding company controlled by funds advised by KKR (together with affiliates, "KKR"), today informed WMF AG ("WMF") about the Intention to set the cash compensation to be paid in the course of the squeeze-out at EUR 58,37 for both ordinary and preference shares. A company valuation of WMF by a neutral expert has served as the Basis for determining this cash compensation.
The execution and notarisation of the merger contract between WMF and Finedining Capital are scheduled for 26 November 2014. The required change of Finedining Capital GmbH's legal form into a stock corporation ("Aktiengesellschaft") has been completed in the interim. On that same day, the cash compensation shall be finally determined. The court-appointed independent auditor will subsequently present ist report about the adequacy of the cash compensation. WMF's extraordinary general meeting, which will be called to approve the transfer of the shares held by minority shareholders, will presumably take place on 20 January 2015 in Stuttgart, Germany.
Finedining Capital published a voluntary public tender offer for all outstanding WMF preference shares on 14 July 2014. It was successfully completed on 3 September 2014. With a shareholding of
about 92 percent of WMF's stated capital (excluding the treasury shares held by WMF), Finedining Capital now holds a sufficient percentage of shares to implement a merger-related squeeze-out and the subsequent delisting of WMF from the stock exchange.
Additional information on the completed voluntary public tender offer is available on www.finedining-offer.com. Information on the merger-related squeeze-out will also be available on this website soon.
The execution and notarisation of the merger contract between WMF and Finedining Capital are scheduled for 26 November 2014. The required change of Finedining Capital GmbH's legal form into a stock corporation ("Aktiengesellschaft") has been completed in the interim. On that same day, the cash compensation shall be finally determined. The court-appointed independent auditor will subsequently present ist report about the adequacy of the cash compensation. WMF's extraordinary general meeting, which will be called to approve the transfer of the shares held by minority shareholders, will presumably take place on 20 January 2015 in Stuttgart, Germany.
Finedining Capital published a voluntary public tender offer for all outstanding WMF preference shares on 14 July 2014. It was successfully completed on 3 September 2014. With a shareholding of
about 92 percent of WMF's stated capital (excluding the treasury shares held by WMF), Finedining Capital now holds a sufficient percentage of shares to implement a merger-related squeeze-out and the subsequent delisting of WMF from the stock exchange.
Additional information on the completed voluntary public tender offer is available on www.finedining-offer.com. Information on the merger-related squeeze-out will also be available on this website soon.
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