DGAP-News: AIG Century GmbH&Co. KGaA: AIG Century launches tender offer for AIRE GmbH&Co. KGaA
(firmenpresse) - DGAP-News: AIG Century GmbH&Co. KGaA / Key word(s): Offer
AIG Century GmbH&Co. KGaA: AIG Century launches tender offer for
AIRE GmbH&Co. KGaA
12.06.2012 / 16:03
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AIG Century launches tender offer for AIRE GmbH&Co. KGaA
- Acceptance period runs through 10 July 2012, 24:00 hrs CEST
- Offer price of EUR 18.25 per share
Frankfurt am Main, 12 June 2012 - AIG Century GmbH&Co. KGaA ('AIG
Century'), a company indirectly wholly owned by American International
Group, Inc. ('AIG'), today published the offer document for its voluntary
public tender offer for all shares of AIRE GmbH&Co. KGaA (ISIN DE 000 634
4211/WKN 634421- 'AIRE').
The offer document has been approved by the German Federal Financial
Supervisory Authority (BaFin). The acceptance period starts with today's
publication of the offer document and runs, in principle, through 10
July2012, 24:00 hrs CEST.
AIG Century is offering AIRE shareholders EUR 18.25 per share in cash as
consideration. This represents a premium of approximately 87.4% above the
estimated volume weighted average stock exchange (Xetra) price of AIRE
shares (EUR 9.74) for the last six months of trading, (closing on April 27,
2012), and a premium of approximately 35.7% compared to the (Xetra) closing
price (EUR 13.45) on April 27, 2012.
Since the announcement of its intention to launch an offer, AIG Century has
acquired a substantial amount of shares through direct purchases from
certain significant AIRE shareholders and via the stock exchange. As a
result, AIG Century now owns in total 3,359,450 AIRE shares, corresponding
to approximately 79.5% of AIRE's share capital.
AIG Century expects the offer to be completed within the third quarter of
2012.
Further information on the details of the tendering process may be found in
the offer document. Shareholders should contact their custodian bank who
can assist with the tendering of the shares.
The offer document as well as further information relating to the offer is
published on the Internet at http://www.aigglobalrealestate.com/aigcentury.
* * *
For further information, please contact:
Hans G. Nagl
FTI Consulting
+49 (0) 69 92037-116
hans.nagl(at)fticonsulting.com
Important Information:
This announcement is neither an offer to purchase or sell nor a
solicitation of an offer to purchase or sell shares in AIRE GmbH&Co. KGaA
or any other securities. The terms and conditions of the offer are set
forth in the offer document. AIG Century reserves the right to change the
terms and conditions of the offer to the extent legally permissible.
Shareholders of AIRE GmbH&Co. KGaA are strongly advised to read the offer
document and all other documents in connection with the tender offer
published by AIG Century, because these will contain important information.
About AIRE
AIRE is a publicly listed real estate investment company with investments
in North America, Latin America, Europe and Asia. The original business
strategy of AIRE aimed at earning returns for its shareholders by investing
in a dynamic, actively managed and globally diversified real estate
portfolio. Since 2008, AIRE has not made any new investments and has
continued to fund commitments to existing investments and to existing funds
in which it is an investor.
About AIG
AIG is a leading international insurance organization serving customers in
more than 130 countries. AIG companies serve commercial, institutional,
and individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies are
leading providers of life insurance and retirement services in the U.S.A.
End of Corporate News
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12.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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173623 12.06.2012
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