07. February 2012

2 min


Un­ternehmens­gruppe Theo Müller se­cures 93.9 per­cent ma­jor­ity share­hold­ing

Drohnenaufnahme unseres Standorts in Market Drayton, Großbritannien.

Luxembourg, 7 February 2012. Unternehmensgruppe Theo Müller today announced the result of the public takeover offer for the British fresh milk company Robert Wiseman Dairies PLC. The offer was accepted by yesterday for a total of 93.9 percent of the share capital and can now be implemented in accordance with the conditions set out in the offer document. Completion of the offer, and therefore payment of the offer price to shareholders for the shares tendered by 6 February 2012, is scheduled to take place by 20 February 2012.

"We are pleased that this very large majority of Wiseman shareholders have accepted our offer," says Heiner Kamps, CEO of Unternehmensgruppe Theo Müller. "This will allow us to quickly implement this strategic step into a new market segment in the British market, which is very important for us. Together with the Wiseman team, we will now immediately start to ensure that the potential from both businesses can be realised."

As the Offer can now be completed without any further condition precedent, Unternehmensgruppe Theo Müller intends to delist Robert Wiseman Dairies from the London Stock Exchange and will therefore apply to withdraw the listing of the Shares for trading on the London Stock Exchange. In addition, Unternehmensgruppe Theo Müller will use the acceptance ratio of more than 90 percent of the share capital to arrange for the takeover of the remaining minority shares (so-called "squeeze-out"). The company expects the delisting and the takeover of the minority shares to be completed in March 2012.

Background: On 16 January 2012, Unternehmensgruppe Theo Müller made a public takeover offer for the British fresh milk company Robert Wiseman Dairies PLC. The offer price is 390 pence in cash per Wiseman share. The Board of Robert Wiseman Dairies considers the terms of the offer to be fair and reasonable and has unanimously recommended that shareholders accept the offer.
Robert Wiseman Dairies processes and supplies more than 30 per cent. of the fresh milk consumed in the UK and is the only fresh milk company that supplies nationwide in the UK. The company employs over 5,000 people and generated total sales of over £900 million in the last financial year ending 2 April 2011


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Alexander Truhlar

Continental Europe