Shareholders Set To Price Poker
火曜日, 11 月 11th, 2008According to the official takeover bid by the French luxury group PPR to the Puma shareholders, the poker at the right price go. Puma shareholders' representatives times already played the first card: they see no reason for a full takeover.
Nuremberg - Man in favour of participation, but wondered why PPR seek the full takeover, said Gerhard hunters of the protection community of investors (SdK) at today's meeting of the sporting goods company in Nuremberg. In addition, the French Group's offer to the remaining shareholders of 330 euros per share nachbessern.
DDP
shareholders of Puma AG: "Why should the shareholders in the offer received?" Hunter pointed to the price of Puma shares in the course of the trading day at more than 350 euros. "Why should the shareholders in the offer received?" He asked. On the other hand, defended Puma chief Jochen Zeitz the offer as fair and advertised for adoption.
Puma is behind Nike and Adidas the world's number three in the sporting goods market. On the stock market after the offer by PPR immediately speculated that U.S. rival Nike a bidding battle could start, especially since Adidas with the purchase of Reebok the distance to a number had shrunk significantly. Zeitz on Wednesday that neither a counter-offer by Nike a higher offer from PPR wanted to exclude, spurred the stock again. The paper climbed by up to 2.3 percent to 351.70 euros. It therefore seems unlikely now that many shareholders their Puma shares for the requisite 330 Euro PPR to sell. Before the shareholders took Zeitz today, however sceptical. He stressed that the PPR statements were clearly in the direction that the offer can not be further increased.
shareholders, but also representatives of institutional investors expressed disappointed. The offer was "an extremely good deal for PPR, but not a good deal for shareholders", it noted. The French vergr

