Information  X 
Enter a valid email address

ThyssenKrupp AG (THK)

  Print   

Friday 01 February, 2008

ThyssenKrupp AG

ThyssenKrupp to buy back shares up to a total o...

ThyssenKrupp AG
                  

On the basis of the authorization granted by the Annual General Meeting on
January 18, 2008, the Executive Board of ThyssenKrupp AG resolved on January 31,
2008 to purchase on the stock market up to around 15.8 million shares of the
Company, representing around 3% of the capital stock, before the authorization
expires on July 17, 2009. The purchase price paid per share (excluding
incidental purchase costs) may not be more than 5% higher or lower than the
Company's share price determined by the opening auction in the Xetra trading
system on the day of trading.

The current ThyssenKrupp share price does not reflect the fair value of the
Company and represents an attractive purchase price. At the same time, the
buyback together with treasury stock already held in the amount of around 5% of
the capital stock will enhance our strategic options for acquisitions and for
safeguarding our growth strategy.

The buyback is to be handled independently and uninfluenced by the Company by
Commerzbank AG in compliance with the safe-harbor provisions.

We will keep you updated on the progress of the share buyback on our website at
www.thyssenkrupp.com

Please address questions to Dr. Jürgen Claassen (Communications and Strategy,
tel. +49 211/824-36001) and Dr. Claus Ehrenbeck (Investor Relations, tel. +49
211/824-36464).

-0-
*T
Language:English
Issuer:  ThyssenKrupp AG
         August-Thyssen-Str. 1
         40211 Düsseldorf
         Deutschland
Phone:   +49-(0)211-824-1
Fax:     +49-(0)211-824-36000
E-mail:  [email protected]
Internet:www.thyssenkrupp.com
ISIN:    DE0007500001
WKN:     750000
Indices: DAX
Listed:  Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
         Freiverkehr in Berlin, Hannover, München, Hamburg, Stuttgart;
         Terminbörse EUREX; Foreign Exchange(s) London
*T

Weitere Informationen im Internet unter Investor Relations: Anleihen / Creditor
Relations, Further information can be found on our website under Investor
Relations: Bonds / Creditor Relations
                                                                                                                                                                                                                                                

a d v e r t i s e m e n t