Palfinger Holding AG

EANS-Adhoc: PALFINGER - Minimum threshold for takeover bid Norwegian TTS Group ASA not reached

  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers

As announced in the adhoc release from June 19th 2016, the PALFINGER Group
lodged a takeover bid on July 18th 2016 for the shares in TTS Group ASA, which
is listed on the Oslo Stock Exchange. One condition for closing the takeover bid
by PALFINGER was the acceptance of more than 90% shares in TTS on a fully
diluted basis. 

The acceptance period for the offer expired at 16:30 today. PALFINGER did not
receive the required acceptances of more than 90%; therefore, the PALFINGER
Group will not takeover TTS on the basis of the placed takeover bid from July
18th 2016.

Further inquiry note:
Hannes Roither, PALFINGER AG
Tel.: +43 662 2281-81100

end of announcement                               euro adhoc 

issuer:      Palfinger AG
             Lamprechtshausener Bundesstraße 8
             A-5020 Salzburg
phone:       0662/2281-81101
FAX:         0662/2281-81070
sector:      Machine Manufacturing
ISIN:        AT0000758305
indexes:     Prime Market
stockmarkets: official market: Wien 
language:   English

Original-Content von: Palfinger Holding AG, übermittelt durch news aktuell

Weitere Meldungen: Palfinger Holding AG

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