DGAP-WpÜG: Takeover Offer;


 
Target company: Renk Aktiengesellschaft; Bidder: SCUR-Alpha 1138 GmbH (künftig: Rebecca BidCo GmbH)

Dissemination of an announcement according to the German Securities 
Acquisition and Takeover Act (WpÜG), transmitted by DGAP - a service of 
EQS Group AG.
The bidder is solely responsible for the content of this announcement.
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Publication of the decision to make a voluntary public takeover offer
(freiwilliges öffentliches Übernahmeangebot) pursuant to Section 10 para. 1
and 3 in conjunction with Sections 29 para. 1 and 34 of the German
Securities Acquisition and Takeover Act (Wertpapiererwerbs- und
Übernahmegesetz)



Bidder:

SCUR-Alpha 1138 GmbH (in future: Rebecca BidCo GmbH)
c/o Triton Beratungsgesellschaft GmbH
Schillerstraße 20
60313 Frankfurt am Main
Germany
registered with the commercial register of the local court of Munich under
register number HR B 253889

Target:

RENK Aktiengesellschaft
Gögginger Straße 73
86159 Augsburg
Germany
registered with the commercial register of the local court of Augsburg
under register number HR B 6193

WKN: 785000 / ISIN: DE0007850000

On 30 January 2020, SCUR-Alpha 1138 GmbH (in future: Rebecca BidCo GmbH)
(the Bidder) has decided to launch a voluntary public takeover offer to all
shareholders (the RENK Shareholders) of RENK Aktiengesellschaft (RENK AG)
to acquire their bearer shares with no-par value in RENK AG, each
representing a pro-rata amount of the share capital of EUR 2.56 per share
(the RENK Shares), against payment of a cash consideration (the Takeover
Offer). The cash consideration will be determined in accordance with
Section 31 of the German Securities Acquisition and Takeover Act
(Wertpapiererwerbs- und Übernahmegesetz - WpÜG) and Sections 3 et seqq. of
the WpÜG Offer Ordinance (WpÜG-Angebotsverordnung).

The consummation of the Takeover Offer will be subject to certain customary
offer conditions which will in particular include receipt of merger control
and other regulatory clearances.

The offer document (in the German language and a non-binding English
translation) containing the detailed terms and conditions of the Takeover
Offer, as well as further information relating thereto, will be published
by the Bidder following permission by the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht -
BaFin) at the Bidder's website http://rebecca-angebot.de. In addition,
there will be an announcement of the publication of the offer document in
the German federal gazette (Bundesanzeiger).

The Takeover Offer will be made on and subject to the terms and conditions
set out in the offer document, however, the Bidder reserves the right, to
the extent permissible by law, to deviate from the described parameters.

Further Information on the transaction:

The Bidder is a company indirectly held by investment funds which comprise
the Triton Fund V.

Today the Bidder and Volkswagen Vermögensverwaltungs-GmbH, Wolfsburg,
Germany, the parent of RENK AG, entered into a share purchase agreement
(the SPA) for the acquisition and the transfer of all 5.320.000 RENK Shares
currently held by Volkswagen Vermögensverwaltungs-GmbH (representing 76.00%
of the share capital and the voting rights of RENK AG) against payment of a
purchase price of EUR 97.80 per sold RENK Share, which is subject to
adjustments in relation to dividends. If the transactions contemplated
under the SPA are consummated (the Closing) prior to the annual general
meeting of RENK AG in 2020 resolving on the dividend for the fiscal year
2019 of RENK AG (the Dividend 2019), the purchase price payable under the
SPA will be increased by an amount of EUR 2.20 per sold RENK Share. On the
other hand, if Closing takes place after the annual general meeting of RENK
AG in 2020 and a Dividend 2019 is resolved in an amount other than EUR 2.20
per RENK Share, this will result in a corresponding reduction or increase
of the total purchase price payable by the Bidder for the RENK Shares sold
under the SPA. Such reduction or increase will equal the product of the
amount by which the Dividend 2019 exceeds or falls short of EUR 2.20 per
RENK Share, as the case may be, and the total number of RENK Shares sold
under the SPA.

The closing of the SPA is also subject to closing conditions that
correspond to the aforementioned offer conditions under the Takeover Offer.

In addition, the Bidder and RENK AG today entered into an investment
agreement which contains the principal terms and conditions of the Takeover
Offer as well as the mutual intentions and understandings relating thereto.

Important Notice:

This announcement is neither an offer to purchase nor a solicitation of an
offer to sell shares in RENK AG. The definite terms and conditions of the
Takeover Offer, as well as further provisions concerning the Takeover
Offer, will be published in the offer document following permission by the
BaFin to publish the offer document. Investors and holders of shares in
RENK AG are strongly advised to read the offer document and all other
documents regarding the Takeover Offer when they become available, as they
will contain important information.

The Takeover Offer will be published exclusively under the laws of the
Federal Republic of Germany and certain applicable provisions of U.S.
takeover laws. Any contract concluded on the basis of the Takeover Offer
will be exclusively governed by the laws of the Federal Republic of Germany
and is to be interpreted in accordance with such laws.

Wolfsburg, 30 January 2020

SCUR-Alpha 1138 GmbH (in future: Rebecca BidCo GmbH)

__________________________

Noted: Regulated market in Munich; open market (Freiverkehr) in Berlin,
Frankfurt am Main and Stuttgart

End of WpÜG announcement

The 30.01.2020 DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Listed: Regulierter Markt in München, Freiverkehr in Berlin, Frankfurt,
Hamburg, Stuttgart und Tradegate Exchange


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
KBV KCV KUV EV/EBITDA
0,00 0,00 0,00 0,00
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu SCUR-Alpha 1138 GmbH (künftig: Rebecca BidCo GmbH)  ISIN: DE0007850000 können Sie bei EQS abrufen


Spezialmaschinenbau , 785000 , ZAR , XETR:ZAR