- 02.06.2017, 15:00:09
- /
- OTE0004
Amount of cash compensation for squeeze-out at GfK SE announced
London & Nuremberg (ots) - Acceleratio Capital N.V., a holding
company controlled by funds advised by Kohlberg Kravis Roberts & Co.
L.P. (together with affiliates, "KKR"), today informed GfK SE that
the cash compensation to be paid in the course of the squeeze-out has
been set at EUR 46.08 per share.
On 21 December 2016, Acceleratio Capital N.V. had announced a
voluntary public tender offer for all outstanding shares of GfK SE,
which has been successfully completed on 13 March 2017. With a
shareholding of about 96.7 percent of the stated capital of GfK SE,
Acceleratio Capital N.V. holds a sufficient percentage of shares to
implement a squeeze-out pursuant to section 327a ff. of the German
Stock Corporation Act ("Aktiengesetz") and the subsequent delisting
of GfK SE from the stock exchange.
A company valuation of GfK SE by a neutral expert has served as the
basis for determining the cash compensation. The amount of the cash
compensation corresponds to the three-month volume-weighted average
share price of GfK's shares prior to 22 March 2017, the day on which
GfK SE publicly announced the intention of Acceleratio Capital N.V.
to implement a squeeze-out. In addition, the fairness of the cash
compensation will be reviewed by a court-appointed independent
auditor, who will submit a report.
The general meeting that shall resolve upon the transfer of the
shares of the minority shareholders to Acceleratio Capital N.V. is
expected to take place on 21 July 2017.
Additional information on the completed voluntary public takeover
offer is available on www.acceleratio-angebot.de.
About KKR
KKR is a leading global investment firm that manages investments
across multiple asset classes including private equity, energy,
infrastructure, real estate, credit and hedge funds. KKR aims to
generate attractive investment returns by following a patient and
disciplined investment approach, employing worldclass people, and
driving growth and value creation at the asset level. KKR invests its
own capital alongside its partners' capital and brings opportunities
to others through its capital markets business. References to KKR's
investments may include the activities of its sponsored funds. For
additional information about KKR & Co. L.P. (NYSE:KKR), please visit
KKR's website at www.kkr.com and on Twitter @KKR_Co.
Disclaimer and Forward-Looking Statement
This release is neither an offer to purchase nor a solicitation of an
offer to sell GfK shares or any other security. The offer document,
the terms and conditions contained therein shall have sole relevance
in respect to the offer. Investors and holders of shares in GfK are
advised to read the relevant documents regarding the tender offer
published by Acceleratio Capital N.V. as they contain important
information. Investors and holders of shares in GfK can receive the
offer document as well as other documents in connection with the
offer from the website www.acceleratio-angebot.de.
The information herein may contain "forward-looking statements" that
may be identified by words such as "expects," "anticipates,"
"intends," "plans," "believes," "estimates" or words of similar
meaning about the expected future business of Acceleratio Capital
N.V., GfK or any other entity. These statements are based on the
current expectations of the management of Acceleratio Capital N.V.
and KKR and are inherently subject to uncertainties and the change of
circumstances. Acceleratio Capital N.V. and KKR do not assume any
obligation to update forward-looking statements to reflect actual
results, or any change in events, conditions, assumptions or other
factors.
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EUN






