Draka formally rejects Nexans' unsolicited proposal
(Thomson Reuters ONE) -
We refer to Nexans' unsolicited indicative non-binding proposal as received by
Draka Holding N.V. ("Draka") and referred to in Draka's earlier press releases
dated 27, 20 and 18 October 2010 (the "Proposal").
After careful review of Draka's strategic alternatives including the Proposal,
the Board of Management and the Supervisory Board of Draka hereby reiterate that
the Proposal is not in the best interest of Draka and its stakeholders,
including its shareholders, and have therefore concluded to now formally reject
the Proposal.
This is an announcement in accordance with Section 5:25i paragraph 2 of the
Dutch Financial Supervision Act (Wet op het financieel toezicht).
Pdf version of the press release
NOTE FOR EDITORS: for more information, please contact:
Draka Holding N.V.:
Michael Bosman - Director Investor Relations +31 20 568 9805;
michael.bosman(at)draka.com
+------------------------------------------------------------------------------+
|2011 Financial calendar (provisional) |
+----------------------------------------------------+-------------------------+
|Publication of 2010 full-year figures |Tuesday 15 February 2011 |
| |(before start of trading)|
+----------------------------------------------------+-------------------------+
|General Meeting of Shareholders, Holiday Inn |Monday 9 May 2011 |
|Amsterdam |Start at 14.30h |
+----------------------------------------------------+-------------------------+
|Publication of trading update for the first half of |Wednesday 18 May 2011 |
|2011 |(before start of trading)|
+----------------------------------------------------+-------------------------+
|Publication of 2011 half-year figures |Thursday 4 August 2011 |
| |(before start of trading)|
+----------------------------------------------------+-------------------------+
|Publication of trading update for the second half of|Tuesday 15 November 2011 |
|2011 |(before start of trading)|
+----------------------------------------------------+-------------------------+
Company profile
Draka Holding N.V. ('Draka') is the holding company of a number of operating
companies that are active worldwide in the development, production and sale of
cable and cable systems. Draka's activities are divided into three groups:
Energy & Infrastructure, Industry & Specialty and Communications.
Within these three groups, the activities are organised into divisions. Energy &
Infrastructure consists of the Europe and Asia-Pacific divisions; Industry &
Specialty consists of the Automotive & Aviation, Elevator Products, Cableteq
USA, Industrial and Offshore divisions and the Communications Group comprises
the Telecom Solutions, Multimedia and Specials, Americas and Optical Fiber
divisions.
Draka has 68 operating companies in 31 countries throughout Europe, North and
South America, Asia and Australia. Worldwide, the Draka companies employ some
9,600 people. Draka Holding N.V.'s head office is in Amsterdam. In 2009, Draka
reported revenue of ? 2.0 billion and net income of ? 48.3 million (excluding
non-recurring items).
Draka Holding N.V. ordinary shares and subordinated convertible bonds are listed
on NYSE Euronext
Amsterdam. The company is included in the Next150 index and the AMX index
(Amsterdam Midkap index). Options on Draka shares are also traded on the NYSE
Euronext Amsterdam Derivative Markets.
More information on Draka Holding N.V. can be found at www.draka.com.
If you no longer wish to receive Draka Holding N.V. press releases please reply
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(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: Draka Holding NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 22.11.2010 - 06:41 Uhr
Sprache: Deutsch
News-ID 48970
Anzahl Zeichen: 4932
contact information:
Town:
Amsterdam
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Draka formally rejects Nexans' unsolicited proposal"
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Draka Holding NV (Nachricht senden)
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