GermanCapital

Voluntary tender offer for ALNO AG published

- BaFin approves cash public tender offer to all shareholders of ALNO AG - Offered price of EUR 7.20 per share is approximately 55% above low this year - Acceptance period to run until 3 January 2007

@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@

München (euro adhoc) - Munich, 27 November 2006. After receiving approval from Germany’s Federal Financial Supervisory Authority (BaFin), bidding company Küchen Holding GmbH today published its offering document for the public tender offer to the shareholders of ALNO AG. Küchen Holding GmbH, a holding company advised by German Capital, is offering EUR 7.20 in cash per share to all shareholders. The acceptance period begins with today’s publication of the offer, and ends at midnight on 3 January 2007.

Today’s offer follows on from the deal announcement by Küchen Holding GmbH on 16 October 2006. Subject to approval by competition authorities, the bidding company will hold around 72% of the voting rights in ALNO AG. The goal of acquiring a majority interest in the company has thus already been achieved. The offer price of EUR 7.20 per share is approximately 55% above the lowest price this year and represents a premium of 13% over the average price in the six months before the announcement of 16 October 2006.

"With this offer, we are once again demonstrating our full confidence in ALNO’s business model and its tremendous growth prospects," said Jürgen Diegruber, Partner at GermanCapital. "The acquisition of an interest in ALNO by Küchen Holding GmbH will be made with the Hellwig family of shareholders participating, and with the agreement and support of major shareholder Whirlpool. Together with the management, the next step is to make sure the company is ideally positioned for the future."

With sales of EUR 613m in 2005 and approximately 2,700 employees, ALNO AG is the world’s second-largest kitchen supplier and market leader in Germany.

The offering document for the public tender offer in cash has been posted online at www.kuechen-holding.de. Details of the offer can be found there.

Free copies of the offering document are also available for ALNO shareholders from: Commerzbank Aktiengesellschaft, ZCM-CMAD, Mainzer Landstrasse 153, 60327 Frankfurt am Main, Fax: +49 69 1364 4598.

Important information: This announcement does not constitute an offer to buy or a solicitation to sell ALNO AG securities. The terms and requirements of the offer by Küchen Holding GmbH to the shareholders of ALNO AG are published in the offering document authorisied by BaFin.

@@start.t2@@end of announcement                                                 euro adhoc 27.11.2006 09:40:41
--------------------------------------------------------------------------------@@end@@

ots Originaltext: GermanCapital GmbH
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Max Hohenberg
presse@germancapital.com
www.germancapital.com
+49 89 599 458 132

Branche: Technology
ISIN:      keine ISIN vorhanden
WKN:        
Börsen:  Frankfurter Wertpapierbörse / official dealing



Weitere Meldungen: GermanCapital

Das könnte Sie auch interessieren: