MAN SE

  • WKN: 593700
  • ISIN: DE0005937007
  • Land: Deutschland

Nachricht vom 28.02.2020 | 21:38

MAN SE: TRATON SE intends to implement a merger squeeze-out of the minority share-holders of MAN SE

MAN SE / Key word(s): Squeeze Out
MAN SE: TRATON SE intends to implement a merger squeeze-out of the minority share-holders of MAN SE

28-Feb-2020 / 21:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


TRATON SE intends to implement a merger squeeze-out of the minority shareholders of MAN SE
 
Munich, 28. Februar 2020 - The Executive Board of TRATON SE today informed the Executive Board of MAN SE of its intention to merge MAN SE as transferring entity into TRATON SE as receiving entity in order to streamline the overall group structure of TRATON GROUP. The Executive Board of TRATON SE proposed to enter into negotiations with the Executive Board of MAN SE on a merger agreement.
In connection with the merger of MAN SE into TRATON SE, the Executive Board of TRATON SE today also submitted the formal request pursuant to section 62(5) of the German Transformation Act (Umwandlungsgesetz, UmwG) in conjunction with section 327a(1) of the German Stock Corporation Act (Aktiengesetz, AktG) to initiate the procedure for transferring the shares of the minority shareholders of MAN SE to TRATON SE against a reasonable cash compensation (merger squeeze-out) and to arrange for MAN SE's general meeting to resolve on the merger squeeze-out within three months after conclusion of the merger agreement.
TRATON SE confirmed that it currently holds 94.36 % of the share capital of MAN SE and TRATON SE is therefore the majority shareholder of MAN SE within the meaning of section 62(5) UmwG in conjunction with section 327a(1) AktG. The amount of the reasonable cash compensation that TRATON SE, as majority shareholder, will grant to the minority shareholders of MAN SE for the transfer of the shares has not yet been determined.

Contact:
Dr. Martin Gstaltmeyr
General Counsel
T +49 89 1580 7264
martin.gstaltmeyr@man.eu

MAN SE
Dachauer Str. 641
80995 Munich, Germany

www.corporate.man.eu
 

28-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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