EQS-News: Telefónica Deutschland's Management Board and Supervisory Board jointly recommend acceptance of the public delisting acquisition offer
Source: EQS
Management Board and Supervisory Board jointly recommend acceptance of the public delisting acquisition offer The Management Board and the Supervisory Board of Telefónica Against this backdrop, the Management Board and the Supervisory Board of Telefónica Deutschland refer to the decision announced on After a careful review of the offer document published by the Bidder on The Management Board and the Supervisory Board conducted the review separately and independently of each other. The Management Board and – based on the recommendation of its specially established Acquisition Offer Committee, which is composed exclusively of independent members – the Supervisory Board of Telefónica Deutschland support the Bidder’s Offer and recommend the shareholders to accept the Offer. Irrespective of this recommendation, the Management Board and the Supervisory Board point out that all shareholders of Telefónica Deutschland must decide for themselves in each individual case whether or not to accept the Offer, taking into account the overall circumstances as well as their personal situation and assessment of the possible future development of the value and the stock exchange price of the Telefónica Deutschland Shares. The acceptance period for the Offer has commenced with the publication of the offer document on The Joint Reasoned Statement by the Management Board and the Supervisory Board of Telefónica Deutschland can be found on the Company’s website at https://www.telefonica.de/investor-relations-en.html in section ‘Legal information’ in German, or translated into English (the translation, however, is non-binding). Copies of the statement are also available at the offices of Telefónica Further information Telefónica 80992 München (t) +49 89 2442 1010 www.telefonica.de/investor-relations
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Language: | English |
Company: | Telefónica |
Georg-Brauchle-Ring 50 | |
80992 München | |
Phone: | +49 (0)89 24 42 0 |
Internet: | www.telefonica.de |
ISIN: | DE000A1J5RX9 |
WKN: | A1J5RX |
Listed: | Regulated Market in |
EQS News ID: | 1867449 |
End of News |
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1867449 26.03.2024 CET/CEST