DGAP-News: Amount of cash compensation determined for squeeze-out at DOUGLAS HOLDING AG
(firmenpresse) - DGAP-News: Beauty Holding Three AG / Key word(s): Acquisition/Squeeze
Out
Amount of cash compensation determined for squeeze-out at DOUGLAS
HOLDING AG
15.03.2013 / 11:09
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Amount of cash compensation determined for squeeze-out at DOUGLAS HOLDING
AG
Frankfurt am Main, 15 March 2013 - On 15 January 2013, Beauty Holding Three
AG initiated a squeeze-out of minority shareholders against payment of cash
compensation in order to acquire all shares in DOUGLAS HOLDING AG. Beauty
Holding Three AG has since been merged onto Beauty Holding Two AG, which
currently holds 96.17 percent of shares in DOUGLAS HOLDING AG. Beauty
Holding Two AG is a holding company indirectly held in part by funds
advised by Advent International and in part by the Kreke family.
Today, Beauty Holding Two AG notified DOUGLAS HOLDING AG of the specified
request for a resolution to be passed at the next general meeting, under
which all shares held by minority shareholders are to be transferred by way
of a squeeze-out to Beauty Holding Two AG as majority shareholder. The
amount of the cash compensation has been determined to equal to EUR 37.64
per no-par-value share. This corresponds to the three-month average price
of DOUGLAS HOLDING AG shares before announcement of the request on 15
January 2013. The annual general meeting of DOUGLAS HOLDING AG at which the
corresponding resolution shall be passed is expected to be held on 28 May
2013.
Beauty Holding Three AG published a voluntary public tender offer on 31
October 2012 that met with broad acceptance among shareholders. As the 95
percent threshold has been passed, all shareholders who so far have not
accepted the tender offer can tender their shares for the price of EUR 38
per share in cash during a final tender period ending at midnight CET on 20
March 2013.
Further information on the public tender offer may be accessed on
www.douglas-offer.com.
About DOUGLAS HOLDING AG
With annual sales of more than EUR 3 billion, the DOUGLAS Group ranks
amongst the leading European retailers. DOUGLAS Group represents
'Excellence in Retailing' - with outstanding service, top quality products,
an exciting store ambiance, and caring employees. The Group's five retail
divisions - Douglas perfumeries, Thalia bookstores, Christ jewelry stores,
AppelrathCüpper fashion stores, and Hussel confectioneries - are among the
market leaders and trendsetters in their respective sectors. The more than
24,000 employees provide a high level of service in the 1,900 specialty
stores. In its state-of-the-art online shops the DOUGLAS Group also offers
outstanding service in the internet.
For further information please go to www.douglas-holding.com.
About Advent International
Founded in 1984, Advent International is one of the world's leading global
buyout firms, with offices in 16 countries on four continents. Advent
International is advised on investments in Germany by Advent International
GmbH, Frankfurt. A driving force in international private equity for more
than 29 years, Advent International has built an unparalleled global
platform of over 170 investment professionals across Western and Central
Europe, North America, Latin America and Asia. The firm focuses on
international buyouts, strategic repositioning opportunities and growth
buyouts in five core sectors, working actively with management teams to
drive revenue growth and earnings improvements in portfolio companies.
Since inception, Advent International has raised EUR 28 billion (USD 37
billion) in private equity capital and, through its buyout programmes, has
completed 279 transactions in 35 countries.
For further information please go to www.adventinternational.com.
Contact:
Press Contact Kreke Family:
CNC - Communications&Network
Consulting AG
Mirko Wollrab
Phone: +49 69 506 037 562
Mobile: +49 172 673 3826
Mirko.Wollrab(at)cnc-communications.com
Press Contact Advent International:
Hering Schuppener Consulting
Dr. Brigitte von Haacke
Phone: +49-69-921874-62
Mobile: +49 (171) 8630046
bvhaacke(at)heringschuppener.com
Oda von Dreising
Phone: +49-69-921874-47
Mobile: +49 (151) 15176631
ovdreising(at)heringschuppener.com
Investor Relations:
Hering Schuppener Consulting
Harald Kinzler
Phone: +49-69-921874-65
Mobile: +49 (173) 3068688
hkinzler(at)heringschuppener.com
End of Corporate News
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204087 15.03.2013
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Datum: 15.03.2013 - 11:09 Uhr
Sprache: Deutsch
News-ID 239730
Anzahl Zeichen: 5944
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Kategorie:
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