WACKER CHEMIE AG (FRA:WCH) Wacker Chemie AG: WACKER Intends to Sell Its Stake in Siltronic to GlobalWafers
Transparency directive : regulatory news
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DGAP-Ad-hoc: Wacker Chemie AG / Key word(s): Investment/Disposal Disclosure of Insider Information as per Article 17 of MAR Wacker Chemie AG / Shareholding / Sale WACKER Intends to Sell Its Stake in Siltronic to GlobalWafers Munich, December 9, 2020, 21.50 p.m. CET - The Supervisory Board of Wacker Chemie AG approved today the conclusion of an irrevocable undertaking with GlobalWafers Co., Ltd., a company based in Taiwan. Under this agreement, WACKER irrevocably undertakes to transfer its entire stake in Siltronic AG - accounting for some 30.8 percent - to GlobalWafers as part of a voluntary takeover bid that GlobalWafers will submit to Siltronic shareholders. The undertaking was signed after the Supervisory Board meeting. The offer price will be €125 per share and the minimum acceptance threshold of the takeover bid 65 percent. The takeover bid by GlobalWafers will be subject to competition law clearances and further regulatory approvals. Information and Explanation of the Issuer to this News: Issuer and Contact Wacker Chemie AG Additional Information ISIN: DE000WCH8881 Disclaimer This document includes supplemental financial measures (not clearly defined in the applicable financial reporting framework) that are or may be alternative performance measures (APM). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of WACKER's net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Explanations of financial measures used can be found in the Annual Report 2019 of Wacker Chemie AG which is available for download under www.wacker.com.
09-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Wacker Chemie AG |
| Hanns-Seidel-Platz 4 | |
| 81737 München | |
| Germany | |
| Phone: | 0049-89-6279-1633 |
| Fax: | 0049-89-6279-2933 |
| E-mail: | investor.relations@wacker.com |
| Internet: | www.wacker.com |
| ISIN: | DE000WCH8881 |
| WKN: | WCH888 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1154127 |
| End of Announcement | DGAP News Service |
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1154127 09-Dec-2020 CET/CEST