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SIG continues to recommend shareholders reject Ferd/CVC offer SIG continues to recommend shareholders reject Ferd/CVC offer The Board of Directors of SIG continues to recommend that shareholders reject the formal tender offer published today by Ferd and CVC Capital Partners for SIG at a level of CHF 325.-. This offer does not reflect the past and current performance of the business and its significant growth opportunities and therefore substantially undervalues SIG. Lambert Leisewitz, Chairman of the Board of Directors of SIG Holding, said: “The formal offer of CHF 325.- published today continues to significantly undervalue SIG. As we presented on October 25th, with its innovative products SIG is poised to benefit from accelerating geographic and market-segment growth. Our market position, business model, and growth prospects are unique within the industry. The auction process that we have undertaken is on track and we recommend that shareholders reject the current offer. Based on the publication of the formal tender offer by Ferd/CVC today, counter offers can be submitted until December 12.” For the attention of the shareholders, the Board of Directors of SIG will publish its formal response to the offer pursuant to the Takeover rules within the next 15 trading days. Download Media Release 061106 News overview >> |
