6 June 2011
PUBLIC TAKEOVER OFFER BY DAIMLER AND ROLLS-ROYCE FOR TOGNUM SUCCESSFUL -
COMPANIES NOW JOINTLY HOLD 60 PER CENT
* 58.35 per cent of shareholders accept the offer
* Important milestone in the takeover process of Tognum AG
* Additional acceptance period for the offer expires on June 20, 24.00 hrs
(CET)
* Daimler and Rolls-Royce expect further shares to be tendered during
additional acceptance period
* Tognum Management and Supervisory Board have tendered their shares
* Combination creates strong foundation for future growth
Stuttgart/London - Following the expiry of the acceptance period for its public
takeover offer for Tognum AG, Daimler AG and Rolls-Royce Holdings plc now hold
a total of 59.87 per cent of Tognum shares through their Joint Venture Engine
Holding GmbH. The bidders received acceptance declarations for an expected
equivalent of 58.35 per cent of the share capital of Tognum AG (about
76,657,611 million shares). The current total of 59.87 also includes around 1.5
per cent of the share capital (about 2 million shares) that was acquired by the
Joint Venture on the stock market during the acceptance period.
Daimler and Rolls-Royce are very pleased with this convincing result. It
represents a milestone in the takeover process of Tognum AG and lays a strong
foundation for the future co-operation of the three companies.
Since the 30 per cent threshold required for the takeover offer has been
exceeded, an additional acceptance period of two weeks is granted in accordance
with German law. Therefore, remaining shareholders can tender their shares into
the offer from June 7 to June 20, 24:00 hrs (CET). Daimler and Rolls-Royce
expect further shares to be tendered during the additional acceptance period.
By combining the strengths, technology and market access of Daimler,
Rolls-Royce and Tognum, the joint venture will establish a leading industrial
engine systems and solutions company, offering a broad portfolio of products,
services and integrated solutions on a worldwide basis.
On April 6, 2011, Daimler and Rolls-Royce made a public takeover offer to
purchase all outstanding shares of Tognum AG through their joint venture. The
offer was increased by two Euros to 26 Euro per Tognum share on May 16. The
Supervisory and Management Boards of Tognum AG fully support the attractive
offer and already have tendered their shares. The Executive and the Supervisory
Board recommend the acceptance of the offer to all shareholders of Tognum AG.
Notes to Editors:
For further information, please contact:
Media relations:
Josh Rosenstock
Director of External Communications
Rolls-Royce Group plc
Tel: +44 (0)20 7227 9163
E: josh.rosenstock@Rolls-Royce.com
Investor relations:
Mark Alflatt
Director of Financial Communications
Rolls-Royce Group plc
Tel: +44 (0)20 7227 9237
E: mark.alflatt@Rolls-Royce.com
www.Rolls-Royce.com
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