Offer Memorandum and Position Statement on SHV's offer expected early December
(Thomson Reuters ONE) -
Nutreco N.V. ("Nutreco") announces that it has been informed by SHV Holdings
N.V. ("SHV") that the publication of the Offer Memorandum by SHV with regard to
its intended cash offer for all Nutreco ordinary shares is expected to be
published early December. Nutreco is expected to issue its Position Statement at
the same date. Nutreco further reports that the offer process is on track.
In accordance with market practice and regulatory requirements, the Offer
Memorandum to be issued by SHV and the Position Statement to be issued by
Nutreco will amongst others include detailed information on the process and the
Boards' decision-making leading to the offer, their financial assessment of the
offer and its strategic rationale. Furthermore, it contains the fairness
opinions issued to the Nutreco Boards by its financial advisors, transaction
structure, governance and minority protection as well as the arrangements,
including non-financial arrangements, between Nutreco and SHV. This information
will address questions from shareholders and other stakeholders that Nutreco has
received to date.
On 10 November 2014, Nutreco and SHV jointly announced that SHV had agreed to
increase its offer price per ordinary share from ? 40 (cum dividend) in cash to
? 44.50 (cum dividend) in cash for all issued and outstanding ordinary shares in
the capital of Nutreco (the "Increased Offer").
By agreeing the Increased Offer price with respect to the intended public offer,
SHV responded to an expression of interest which Nutreco had received from
Cargill, Incorporated ("Cargill") on 8 November 2014.
Nutreco has understood from Cargill that they are evaluating the situation.
Nutreco has not received further information since its public announcement on
10 November 2014.
The boards of Nutreco will continue to act in accordance with their fiduciary
duties taking into account the interests of its shareholders and all other
stakeholders.
This publication follows earlier public announcements of Nutreco and SHV on 20
October 2014 and 10 November 2014.
Nutreco will issue additional statements if and when appropriate.
This is an announcement in accordance with Section 4, paragraph 1 of the
Netherlands Decree on Public Takeover Bids (Besluit openbare biedingen Wft) and
Section 5:25i paragraph 2 of the Dutch Financial Supervision Act (Wet op het
financieel toezicht).
END OF PRESS RELEASE
Driving sustainable growth
Nutreco's strategy 'Driving sustainable growth' is to grow and improve
profitability by providing innovative and sustainable nutritional solutions for
its customers. This will be realised by focusing on a higher value-added
portfolio of nutritional solutions such as premixes, feed specialties and fish
feed, and by expanding into the growth geographies of Latin America, Russia,
Asia and Africa, which will see the largest increases in both production and
consumption of animal protein food products.
Nutreco
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed
solutions are at the origin of food for millions of consumers worldwide.
Quality, innovation and sustainability are guiding principles, embedded in the
Nutreco culture from research and raw material procurement to products and
services for agriculture and aquaculture. Experience across 100 years brings
Nutreco a rich heritage of knowledge and experience for building its future.
Nutreco employs approximately 10,000 people in 30 countries, with sales in 80
countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam
and reported annual revenue of ? 5.2 billion in 2013.
www.nutreco.com
Investor and analyst enquiries
Jurgen Pullens, Director Investor Relations
T +31 (0) 33 422 6134
M +31 (0) 6 5159 9483
E jurgen.pullens(at)nutreco.com
Media enquiries
Mark Woldberg, Manager Corporate Communication
T +31 (0) 33 422 6178
M +31 (0) 6 1503 3036
E mark.woldberg(at)nutreco.com
The full press release in English is attached in the pdf below.
Offer Memorandum and Position Statement expected early December:
http://hugin.info/133565/R/1874402/660342.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nutreco via GlobeNewswire
[HUG#1874402]
Unternehmensinformation / Kurzprofil:
Datum: 26.11.2014 - 08:00 Uhr
Sprache: Deutsch
News-ID 355534
Anzahl Zeichen: 5325
contact information:
Town:
Amersfoort
Kategorie:
Business News
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"Offer Memorandum and Position Statement on SHV's offer expected early December"
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