Wavin N.V. : Wavin receives unsolicited non-binding proposal
(Thomson Reuters ONE) -
Zwolle, 22 November 2011 - The Management Board and the Supervisory Board of
Wavin have taken notice of recent movements in its share price. In response,
Wavin announces that it has received an unsolicited indicative non-binding
proposal from Mexichem for the acquisition of all outstanding shares of Wavin.
Mexichem is a manufacturer of raw materials and plastic pipe systems in Latin
America based in Mexico.
The Management Board and the Supervisory Board will carefully consider the
indicative non-binding proposal and explore the rationale, merits and risks for
all Wavin's stakeholders, of a possible business combination of Wavin with
Mexichem.
In accordance with the Dutch Corporate Governance Code and the Rules for the
Supervisory Board, to avoid the appearance of any conflict of interest, the
Supervisory Board has decided that its Chairman, Rene Kottman, who is also the
chairman of the supervisory board of Delta Lloyd N.V., an indirect holder of a
substantial interest in Wavin, will not take part in the discussion or decision-
making on the abovementioned subject.
Wavin has engaged Bank of America Merrill Lynch as financial advisor and Stibbe
as legal counsel.
Further announcements will be made if and when appropriate.
This is an announcement in accordance with Section 5:25i, paragraph 2 of the
Dutch Financial Supervision Act (Wet op het financieel toezicht).
About Wavin
Wavin is the leading supplier of plastic pipe systems and solutions in Europe.
The company provides essentials: plastic pipe systems and solutions for tap
water, surface heating and cooling, soil and waste, rain- and storm water,
distribution of drinking water and gas and telecom applications. Wavin is
headquartered in Zwolle (The Netherlands) and has a presence in 26 European
countries, with manufacturing sites in 18 of those and one in China. The company
employs approximately 6,400 people and reported revenue of more than EUR 1.2
billion for 2010. Outside Europe, it has a global network of agents, licensees
and distributors. Wavin is listed on the NYSE Amsterdam stock exchange (WAVIN).
More details about Wavin can be found at www.wavin.com
For further information:
Media Relations: Investor Relations :
Herbert van Zijl Ton Bruijne
Telephone: +31 38 429 4209 Telephone: +31 38 429 4357
Mobile: +31 6 51461442 Mobile : +31 6 51234949
E-mail: media(at)wavin.com E-mail: InvestorRelations(at)wavin.com
Click here to view the full press release in PDF format:
http://hugin.info/143050/R/1565639/486008.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: Wavin N.V. via Thomson Reuters ONE
[HUG#1565639]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Golden Reign: Complete first fence drill results from San Albino MineDatum: 22.11.2011 - 11:05 Uhr
Sprache: Deutsch
News-ID 90017
Anzahl Zeichen: 3494
contact information:
Town:
AD ZWOLLE
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 238 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Wavin N.V. : Wavin receives unsolicited non-binding proposal"
steht unter der journalistisch-redaktionellen Verantwortung von
Wavin N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
