Tognum/MTU awaits revised share offer from Daimler and Rolls-Royce

16 May 2011

In a statement issued on Friday 13 May, Tognum reports that Daimler AG and Rolls-Royce Group have verbally confirmed to the Tognum AG board that they may increase the joint bid for Tognum.

The two companies are said to be considering an amended tender offer, which would raise the offer price by an additional 8.3%, to 26.00€.

Tognum said that had yet to receive  any officially amended offer and there was no certainty regarding the submission of such an amended offer on the part of the company. In principle, the Tognum executive board says it welcomes the willingness of the bidder to consider an increased offer price. As soon as the company has been provided with the complete amended offer, the executive board and the supervisory board will consider it and issue a further statement.

Links to related companies and recent articles ...

MTU Friedrichshafen GmbH

view more