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On August 7, 2021, Schaltbau Holding AG announced that it has entered into a strategic partnership agreement with Funds advised by the Carlyle Group. It is stated that such agreement has the purpose to enter into a strategic partnership supporting the long-term growth and investment strategy of Schaltbau. In this context, funds advised by Carlyle have announced their intention to launch a voluntary public tender offer. This offer covers all outstanding shares, including shares issued following the conversion of the Convertible Bond launched earlier this year, and offers to pay a price of € 53.5 per share.
The Acting in Concert Group (AiC Group) of Luxempart, the Zimmermann family and Elrena GmbH has taken the irrevocable commitment to tender all its shares in the...
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