DGAP-News: Allgeier not to follow up on Easy Software takeover bid
(firmenpresse) - DGAP-News: ALLGEIER SE / Key word(s): Offer
Allgeier not to follow up on Easy Software takeover bid
27.08.2012 / 11:05
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- Acceptance below minimum threshold of 75 percent at end of acceptance
period
- No agreement with major Easy Software shareholders
Munich, August 27, 2012 - Allgeier SE ('Allgeier') does not pursue its
voluntary public takeover offer to Easy Software AG ('Easy Software')
shareholders, as the prerequisite quorum of 75 percent was not achieved at
the end of the acceptance period. Allgeier had tied the offer to this
strategic hurdle right from the beginning. The voluntary public takeover
offer expired according to the offer document with the end of the
acceptance period on Tuesday, August 21, 2012 at 24:00 hours (Frankfurt am
Main, Germany, local time).
While this strategically sound and value-adding step of combining both
companies could not be completed this way, Allgeier remains available as a
potential partner for Easy Software in the future and is open for
alternative solutions.
Dr. Marcus Goedsche, Management Board member of Allgeier, said: 'Although
this result is unfortunate, we had to take this outcome into account right
from the start. We are still convinced a combination of both companies'
business activities is reasonable. Regardless, we will continue on our
growth path and utilize other ways to expand our range of services.'
Until last, Allgeier management negotiated with the major shareholders of
Easy Software and considered all possible options. An agreement could not
be reached due to significantly different views of some Easy Software
shareholders.
Munich-based Allgeier is one of the leading consulting and service
companies for IT solutions and services in the German-speaking region. In
2011, Allgeier generated revenues of about 380 million Euros. Easy
Software, based in Mülheim an der Ruhr, Germany, is one of the leading
developers and providers of cross-platform solutions in the areas of
electronic archiving, document management, and Enterprise Content
Management (ECM). Easy Software achieved revenues of 27 million Euros in
2011.
Contact:
Allgeier SE
Dr. Christopher Grosse
Wehrlestrasse 12
81679 Munich
Tel.: +49 (0)89/998421-41
Fax: +49 (0)89/998421-11
E-mail: ir(at)allgeier.com
Web: www.allgeier.com
Munich-based Allgeier SE is one of the leading consulting and service
companies in the German-speaking region. With more than 2,600 employees and
around 1,500 freelance IT experts, Allgeier offers its customers a complete
service approach spanning design, implementation, and through to the
operation of IT landscapes. Fifteen corporate units, each with its own
specialist and sector-related focus, work together for more than 2,000
customers from almost all sectors. Allgeier combines the expertise and
customer-proximity of medium-sized company units with an international,
listed company's strength and performance. This high-growth company
currently operates at more than 80 sites in the German-speaking region, and
at further locations in the rest of Europe, as well as in India, Mexico and
the USA. Allgeier generated EUR 379 million of revenue in 2011. The company
is listed on the regular market of the Frankfurt Stock Exchange in the
General Standard segment (WKN 508630 / ISIN DE0005086300). Further
information is available on the company's website at: www.allgeier.com.
End of Corporate News
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27.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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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Language: English
Company: ALLGEIER SE
Wehrlestraße 12
81679 München
Germany
Phone: +49 (0) 89 - 99 84 21 0
Fax: +49 (0) 89 - 99 84 21 11
E-mail: info(at)allgeier.com
Internet: http://www.allgeier.com
ISIN: DE0005086300
WKN: 508630
Indices: CDAX
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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182945 27.08.2012
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Datum: 27.08.2012 - 11:05 Uhr
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News-ID 177597
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