EANS-Adhoc: S&T AG: Cloudeeva Inc. is considering submitting a voluntary takeover offer

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers

Linz, 22.11.2013. S&T AG has concluded a Letter of Intent with Cloudeeva Inc.,
San Ramon, California 94583, USA. The subject of the Letter of Intent is the
planned submission of a voluntary takeover offer to the shareholders of S&T AG
by Cloudeeva Inc. The submission of a voluntary takeover offer is dependent -
among other things - on the positive completion of a due diligence audit by
Cloudeeva Inc. The due diligence begins today. The conclusion of the due
diligence is planned for January 2014. On the part of S&T, the Letter of Intent
is quoting a takeover offer of not below EUR 3 per share, plus an additional
payment for the consolidated result obtained in 2013 by the S&T AG.

On S&T AG:
S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on the Prime Standard
segment of the Frankfurt Stock Exchange. The company has 1,500 employees. They
work in offices located in 19 CEE (central and eastern European) countries. S&T
is one of the three largest IT systems houses in Eastern Europe, in which it
maintains a region-wide network. S&T AG has a broad-ranging portfolio. It
features a large number of products containing proprietary technologies and
offers them in CEE.

Further inquiry note:
ir@snt.at; +431801911125;

end of announcement                               euro adhoc 

issuer:      S&T AG
             Industriezeile  35
             A-4021 Linz
phone:       +43(732)7664-0
FAX:         +43(732)7664-801
mail:     ir@snt.at
WWW:      www.snt.at
sector:      Computing & Information Technology
ISIN:        AT0000A0E9W5, DE000A1HJLL6
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English

Weitere Meldungen: S&T AG

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