Müller adress GmbH
Müller adress GmbH plans public tender offer for approx. 29.9 percent of the shares of MyHammer Holding AG
DGAP-Media / 2016-10-25 / 07:58 Nuremberg, October 25, 2016 - Müller adress GmbH, an investment company fully owned by Gunther Oschmann, has decided to submit a public tender offer to the shareholders of MyHammer Holding AG (ISIN DE000A11QWW6) for the acquisition of up to 1,499,771 shares equivalent to the free float of 29.9 percent. Müller adress plans to offer 6.45 Euro per share to the shareholders of MyHammer Holding AG, representing an attractive premium of approx. 24% over the volume-weighted average price of the last three months before the announcement and a premium of approx. 20% over the closing price before the publication of the decision to submit a public tender offer for up to 29.9 percent of the shares of MyHammer Holding AG. Roland Finn, managing director of Müller adress GmbH, said: "MyHammer is an attractive and well established online-portal for craftsmen in Germany. The planned acquisition of 70.1 percent of the shares of MyHammer Holding AG by HomeAdvisor is from our view giving a boost to the development perspectives of MyHammer and the reason for our public tender offer. HomeAdvisor has been successfully operating and developing several online-portals for craftsmen in Europe. The added value of our industry know-how and strong local network would open up significant economic and strategic growth perspectives for MyHammer as well as its users and customers, which are reflected in our attractive public offer to the shareholders of Myhammer Holding AG. We are confident that as a relevant minority shareholder and together with the company's management as well as HomeAdvisor we can make a significant contribution to unlock the growth potential of MyHammer." As of current planning, the closing of the tender offer will be subject to the approval of the cartel authorities and a minimum acceptance threshold of 25 percent plus one share of the share capital of MyHammer Holding AG. Furthermore, the purchase offer will be subject to the provisions and conditions lined out in the offer document. The offer document and further announcements regarding the tender offer will be published at www.muelleradress.de after the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has given its approval for the publication of the offer document. Müller adress GmbH is being advised by Joh. Berenberg, Gossler & Co. KG (M&A) as well as P+P Pöllath + Partners (legal). About Müller adress GmbH Müller adress GmbH is an investment company fully owned by Gunther Oschmann. Gunther Oschmann, whose grandfather Hans Müller founded Fernsprechbuch-Verlag Hans Müller KG over 65 years ago, is supporting small and midsize businesses in strengthening their communications and their business success. Originally, companies offering classifieds primarily belonged to these business activities. Today, next to the classic classifieds business, he is strongly engaged in the German local radio and TV broadcasting segment, in weekly magazines as well as in the digital space, also successfully acting together with co-entrepreneurs. Among others, he is holding stakes in more than 30 German radio stations, such as Munich based Radio Charivari. He is investing both through majority and minority participations with the aim of fostering the long term growth of these companies together with the management and other shareholders in the best interest of the companies' customers. Press contact: Charles Barker Corporate Communications GmbH Thomas Katzensteiner / Tobias Eberle +49 69.79409025 / +49 69.79409024 Thomas.Katzensteiner@charlesbarker.de / Tobias.Eberle@charlesbarker.de End of Media Release --------------------------------------------------------------------------- Issuer: Müller adress GmbH Key word(s): Finance 2016-10-25 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found