EQS-Adhoc: Morgan Stanley/Photon Management GmbH is planning preliminary talks with potential interested parties for the acquisition of the shareholding in PNE
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EQS-Ad-hoc: PNE AG / Key word(s): Miscellaneous
Publication of Inside Information pursuant to Article 17 of Regulation (EU) No. 596/2014
Morgan Stanley/Photon Management GmbH is planning preliminary talks with potential interested parties for the acquisition of the shareholding in PNE Cuxhaven, 20 October 2022 – PNE AG confirms market rumors that Morgan Stanley and Photon Management GmbH intend to enter into open-ended preliminary talks with potential interested parties regarding an acquisition of the entire shareholding in PNE AG held by Photon Management GmbH. Photon Management GmbH, a company controlled by Morgan Stanley, is the largest shareholder in PNE AG. Morgan Stanley has informed the Board of Management of PNE AG that Morgan Stanley and Photon Management GmbH intend to hold preliminary talks with potential interested parties about an acquisition of the entire shareholding held by Photon Management GmbH in the Company. The Board of Management of PNE AG will support the intended preliminary discussions to the extent permitted by law and in the interest of the Company. If Photon Management GmbH were to sell the entire shareholding to an acquirer, this would entail the submission of a voluntary public takeover offer or a mandatory offer by the acquirer to acquire all shares not already held by the acquirer. To the knowledge of the Board of Management, Morgan Stanley has not yet made a decision on the sale of the shareholding. It is not yet predictable whether such a sale will take place and, if so, at what conditions. PNE AG will inform the capital market and the public about the further progress in accordance with the legal requirements. Contact: PNE AG Alexander Lennemann Head of Corporate Communication Tel: +49(0) 47 21 – 7 18 - 453 Fax: +49(0) 47 21 – 7 18 - 373 E-mail: [email protected] PNE AG Head of Investor Relations Christopher Rodler Tel: +49(0) 40 - 879 33 114 Fax: +49(0) 47 21 – 7 18 - 373 E-mail: [email protected]
20-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | PNE AG |
| Peter-Henlein-Straße 2-4 | |
| 27472 Cuxhaven | |
| Germany | |
| Phone: | 04721 / 718 - 06 |
| Fax: | 04721 / 718 - 200 |
| E-mail: | [email protected] |
| Internet: | http://www.pne-ag.com |
| ISIN: | DE000A0JBPG2, DE000A2LQ3M9, , DE000A12UMG0, |
| WKN: | A0JBPG, A2LQ3M, , A12UMG, |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1468313 |
| End of Announcement | EQS News Service |
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1468313 20-Oct-2022 CET/CEST
PNE AG Stock
€14.46
-2.410%
Our community is currently high on PNE AG with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 20 € shows a positive potential of 38.31% compared to the current price of 14.46 € for PNE AG.
