| · Acceptance period prolonged until October 12, 2009
· Bosch secures 63.58 percent of aleo stock
Stuttgart – In its ongoing takeover offer to the shareholders of aleo solar AG, the Bosch Group has now waived its condition that it should hold at least 75 percent of aleo solar AG stock when the public takeover offer expires. This change in offer terms prior to the end of the acceptance period, which up to now would have ended on September 28, 2009, means that the acceptance period is now prolonged by a further two weeks, and now ends at midnight (CEST) on October 12, 2009. The European Commission has now given regulatory approval to the takeover.
Bosch is offering all aleo shareholders 9.00 euros per share in cash. The offer is thus 43 percent above the weighted average Xetra® price of the aleo share over the three months prior to the announcement of the offer on August 3, 2009. In August, Bosch and the Eriksen Group, including related parties and other investors, signed agreements relating to the purchase of 39.43 percent of the shares in aleo solar AG. The purchase price for these shares is the equivalent of 9.00 euros per share. Including additional acquisitions and tendered stock, Bosch has now secured 63.58 percent of aleo stock. With this deal, Bosch is further extending its photovoltaics activities and complementing its value-added chain.
To read about the change in the offer documents, and for more information about the takeover offer, visit: http://angebot.bosch.de.
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The Bosch Group is a leading global supplier of technology and services. According to preliminary figures, some 270,000 associates generated sales of roughly 38 billion euros
in the areas of automotive and industrial technology, consumer goods, and building technology in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Each year, Bosch spends more than 3.5 billion euros for research and development, and applies for over 3,000 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
Additional information can be accessed at www.bosch.com.
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PI6827 - September 28, 2009 |