DGAP-News: AIG Century successfully completes tender offer for AIRE GmbH&Co. KGaA
(firmenpresse) - DGAP-News: AIG Century GmbH&Co. KGaA / Key word(s): Offer
AIG Century successfully completes tender offer for AIRE GmbH&Co.
KGaA
03.08.2012 / 12:15
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AIG Century successfully completes tender offer
for AIRE GmbH&Co. KGaA
- AIG Century holds 93.57 per cent of AIRE share capital
Frankfurt am Main, August 3, 2012 - AIG Century GmbH&Co. KGaA ('AIG
Century'), a company indirectly wholly owned by American International
Group, Inc. ('AIG'), today announced the successful completion of its
voluntary public tender offer for all shares of AIRE GmbH&Co. KGaA
('AIRE').
AIG Century now holds approximately 93.57 per cent of the AIRE share
capital, corresponding to about 3,951,902 AIRE shares, which have been
acquired under the tender offer as well as through direct purchases from
certain significant AIRE shareholders and via the stock exchange.
On April 30, 2012, AIG Century announced its decision to launch a voluntary
public tender offer for all outstanding shares of AIRE. AIG Century offered
shareholders EUR 19.75 per share in cash as consideration. This represented
a premium of approximately 102.8 per cent above the estimated volume
weighted average stock exchange (Xetra) price of AIRE shares (EUR 9.74)
during the last six months of trading (closing on April 27, 2012), and a
premium of approximately 46.8 per cent compared to the (Xetra) closing
price (EUR 13.45) on April 27, 2012.
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
Ivo Lingnau
FTI Consulting
+49 (0) 69 92037-133
ivo.lingnau(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 (ISIN DE 000 634 4211/WKN 634421) 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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03.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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180309 03.08.2012
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