BAD HOMBURG VOR DER HOEHE (dpa-AFX) - Fresenius SE & Co. KGaA (FSNPF.PK, FSNUF.PK) published the offer document for the voluntary public takeover offer to Rhoen-Klinikum AG shareholders through its subsidiary FPS Beteiligungs AG.
Fresenius' proposal of EUR 22.50 per share in cash represents a premium of 52% over German private hospital operator Rhoen-Klinikum AG's closing share price on April 25.
The offer is contingent upon a minimum acceptance threshold of 90% of Rhoen-Klinikum's share capital at the end of the offer period.
Fresenius said that Eugen Münch, Rhoen-Klinikum's founder, key shareholder, long-time Management Board and Supervisory Board Chairman, supports the transaction. He declared that he and his wife will accept the offer and tender all their shares, representing 12.45% of Rhoen-Klinikum's share capital. Eugen Münch will also recommend acceptance of the offer to other Rhoen-Klinikum shareholders.
Shareholders of Rhoen-Klinikum are now requested to accept the offer and tender their shares. The acceptance period expires on June 27, 2012. Deutsche Bank AG, Frankfurt am Main, is the settlement agent.
In April 2012, Fresenius had said it intends to offer about EUR 3.1 billion in cash to Rhoen-Klinikum AG. The deal would see Rhoen-Klinikum merge into Fresenius' hospital operating unit Helios to create Germany's largest private hospital operator.
Copyright RTT News/dpa-AFX
© 2012 AFX News
