Endress+Hauser extends acceptance period for Analytik Jena shares
Endress+Hauser Group holds more than 95 percent of the shares – squeeze-out announced
Endress+Hauser’s voluntary tender to the shareholders of Analytik Jena AG has been extended to 9 September 2015. The Group, which holds more than 95 percent of the German company, will continue to offer 14 euros a share.
The voluntary tender from Endress+Hauser was first initiated in July of this year. Following the strong response from many of the remaining minority shareholders, the process measurement specialist will increase its share in Analytik Jena to more than 95 percent. Analytik Jena AG delisted from the Frankfurt stock exchange at the end of March 2015. The extended offer is intended to give additional stockholders the opportunity to sell their shares to the Endress+Hauser Group.
Goal is the complete takeover of Analytik Jena
“Our aim is still the complete takeover of Analytik Jena,” said Dr Heiner Zehntner, Legal Counsel and member of the Executive Board of the Endress+Hauser Group and Supervisory Board member of Analytik Jena AG. He declared that the Group’s next step is to effect a squeeze-out of the remaining minority shareholders.
“We consider 14 euros a fair offer given the company’s financial situation,” stressed Heiner Zehntner. Analytik Jena shareholders wishing to sell their shares to the Endress+Hauser Group should consult with their financial or bank advisor accordingly. Additional information on how to complete the transaction is available on the Endress+Hauser and Analytik Jena websites.