BERLIN (dpa-AFX) - The Executive Board and Supervisory Board of Axel Springer SE (AXELF.PK) has supported a de-listing tender offer by KKR. The boards said that the de-listing is in the best interest of the company.
Both boards confirmed that the payment amounting to 63.00 euros per share complies with the legal requirements for a de-listing offer and is therefore appropriate for the purpose of the de-listing tender offer.
German digital publishing house Axel Springer said in June 2019 that it had received a public takeover offer from Global investment firm Kohlberg Kravis Roberts or KKR & Co. L.P. (KKR) at an offer price of 63 euros per share in cash.
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