DGAP-Adhoc: RENK AG: Rebecca BidCo AG determines cash compensation of EUR 105.72 for merger squeeze-outSource: EQS
Today, Rebecca BidCo confirmed to RENK its squeeze-out request and further specified that it has determined the adequate cash compensation pursuant to Sec. 327b para. 1 first sentence AktG at
Furthermore, Rebecca BidCo has asked RENK to convoke an extraordinary general meeting for a date within the time period of no more than three months after the execution of the merger agreement between Rebecca BidCo and RENK in order to approve the transfer of the shares held by the minority shareholders of RENK to Rebecca BidCo. The extraordinary general meeting of the company will probably take place near the end of the year 2020.
About RENK: RENK AG is a manufacturer of special gear units and transmissions for tracked vehicles, industrial applications and the shipbuilding industry as well as components for propulsion technology and test systems, supplying customers all over the world. The Company holds a globally leading position for automatic transmissions for tracked vehicles, gear systems for navy vessels and horizontal slide bearings.
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