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Salzgitter AG

euro adhoc: Salzgitter AG

Publication of the Decision to Make an Offer to Acquire Securities pursuant to Section 10 para. 1 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG)

  Securities Acquisition and Takeover Act announcement transmitted by euro
  adhoc. The issuer is responsible for the content of this announcement.
offeror:
Company: Salzgitter Mannesmann GmbH
Address: Eisenhüttenstraße 99, D-38239 Salzgitter
Contact:
Bernhard Kleinermann, Investor Relations
Tel.: +49/(0)5341/21-1802
Fax: +49/(0)5341/21-2570
Email:  ir@salzgitter-ag.de
Registered in the commercial register of the local court (Amtsgericht) of Braunschweig under HR B 200012
offeree:
Company: Klöckner-Werke AG
Address: Opernplatz 2, 60313 Frankfurt am Main
ISIN: DE0006780000
Registered in the commercial register of the local court (Amtsgericht) of Duisburg under 8 HR B 100
Today, Salzgitter Mannesmann GmbH (the Bidder) has made the decision 
to make an offer to all holders of shares of Klöckner-Werke AG to 
acquire all outstanding shares of Klöckner-Werke AG by way of a 
voluntary public takeover bid (the Offer). The Bidder intends to 
offer to the shareholders of Klöckner-Werke AG an amount of EUR 15,00
per share (ISIN DE0006780000), each share representing an amount of 
EUR 5,12 of the registered share capital of Klöckner-Werke AG. The 
Bidder is a 100%-subsidiary of Salzgitter AG. With more than EUR 8 
billion in external sales, an output of over 7 million tons of crude 
steel and a workforce of approximately 17,000 employees, Salzgitter 
AG is one of Europe's leading steel and technology companies. 
Salzgitter stock (WKN 620200) is included in the MDAX and is listed 
on the Prime Standard Segment of the Frankfurt Stock Exchange under 
ISIN DE0006202005. On 8 March 2007, Salzgitter AG and Michael C. 
Frege as insolvency administrator of WCM Beteiligungs- und 
Verwaltungs- GmbH & Co. KG entered into a preliminary agreement on 
the execution of a share purchase agreement regarding shares in 
Klöckner-Werke AG. Upon the execution of this agreement, the Bidder 
will acquire approximately 78% of the registered share capital of 
Klöckner-Werke AG. The share purchase agreement will be subject to 
certain conditions precedent, in particular clearance by the 
anti-trust authorities. In addition, presently the Bidder directly 
holds approximately 0,8% and Salzgitter AG holds approximately 4,4% 
of the shares in Klöckner-Werke AG. The Offer will be, amongst 
others, subject to the condition precedent of the execution of the 
share purchase agreement. The terms and conditions of the Offer will 
be contained in the offer document, which will be published on the 
internet under http://www.salzgitter-ag.de. The shares of 
Klöckner-Werke AG are listed on the Official Markets of the Stock 
Exchanges of Berlin-Bremen, Düsseldorf, Frankfurt, Hamburg, 
Stuttgart, München and Hannover (ISIN DE0006780000). Important 
Information: This is neither an offer to purchase nor a solicitation 
of an offer to sell shares of Klöckner-Werke AG. The terms and 
conditions of the Offer will be notified in the offer document, which
will be published after approval by the German Federal Financial 
Supervisory Authority (Bundesanstalt für 
Finanzdienstleistungsaufsicht - BaFin). Investors and holders of 
shares of Klöckner-Werke AG are strongly advised to read the offer 
document and other relevant documents regarding the Offer when they 
become available because they will contain important information. 
Salzgitter, 21 March 2007 Salzgitter Mannesmann GmbH
end of announcement                               euro adhoc 21.03.2007 20:35:59

Further inquiry note:

Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Niedersächsische Börse zu Hannover / official dealing

Original-Content von: Salzgitter AG, übermittelt durch news aktuell

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