- EUR 4.00 offer per Easy Software share
- Premium of more than 17 percent compared with three-month average price as of July 2, 2012 cut-off date
- Shareholders can tender shares from today until August 21, 2012, 24:00 hours (Frankfurt am Main, Germany, local time)
- Offer depends on 75 percent minimum acceptance threshold
Munich, July 24, 2012 – Allgeier SE (“Allgeier”) has today published its voluntary public take-over offer for all ordinary bearer shares of Easy Software AG (“Easy Software”) at a price of EUR 4.00 per share in cash. This represents an premium of more than 17 percent compared with the three-month average price as of the July 2, 2012 cut-off date, as announced by the German Federal Financial Supervisory Authority (BaFin).
Following yesterday's approval by the BaFin, the offer documents are now available at http://www.allgeier-holding.de, under the Investor Relations/Übernahmeangebote menu item. The acceptance period commences today, Tuesday, July 24, 2012, and will end on August 21, 2012 at 24:00 hours (Frankfurt am Main, Germany, local time). The take-over offer includes a minimum acceptance threshold of 75 percent of the share capital of Easy Software in issue on the date when the acceptance period expires, and is subject to terms and further conditions that as set out in the offer document.
Munich-based Allgeier Holding AG is one of the leading consulting and service companies for IT solutions and services in the German-speaking region. Easy Software, which is based at Mülheim an der Ruhr, Germany, is one of the leading developers and providers of cross-platform solutions in the areas of electronic archiving, document management, and Enterprise Content Management (ECM). ECM is one of the most important IT topics of the future, and today comprises almost all relevant functions to manage data and information within IT-based processes. Allgeier helps companies to streamline and automate business processes and thereby significantly boost their productivity with solutions such as its modern scanview® archiving system. Together, both companies clearly rank as market-leading software providers in the ECM area in Germany.
Allgeier and Easy Software would both benefit from the takeover. Easy Software's range of services, with its strong expertise and product presence in the document management area, and that of Allgeier, with its focus areas of ERP, ECM and Business Solutions in its IT Solutions division, complement each other ideally. A business that bundles products and solutions would create a strong and stable unit with significant revenue and earnings potential. Both companies also maintain a similar medium-sized company culture, comparable strategic objectives, and enjoy an agreed understanding of the markets.
Allgeier manages its Group companies according to a decentralised management principle. In this way, as a full service-provider, Allgeier combines the benefits and strengths of an international, listed IT company – such as product breadth, size and process strengths – with flexibility and personal service, the special merits of powerful, medium-sized company units. All managing directors or management board members of Allgeier companies operate as independent entrepreneurs within the framework of strategically coordinated planning.
Dr. Marcus Goedsche, Management Board member of Allgeier SE, commented as follows: “Easy Software offers an outstanding fit with our existing Group companies. With this offer, we are showing our serious interest in both companies' joint future under the Allgeier roof. Together with the management and staff of Easy Software, we will be able to exploit opportunities on the markets even more effectively, and accelerate both companies' growth.”
For any additional information please contact us directly:
Dr. Christopher Große
Tel.: +49 89 998421-0
Fax: +49 89 998421-11