Nouvelle fusion importante en vue F. Maas et DSV
Nouvelle fusion importante en vue F. Maas et DSV Voir : http://www.dsv.dk/dsv/meddelelser/gb/fransmaas_2_050106gb.pdf DSV and Frans Maas confirm intention to merge The combined businesses of Frans Maas and DSV will have annual revenues of approximately €4.1 billion, 19,000 employees and own operations in more than 50 countries. (1/6/2006) DSV’s proposed recommended cash offer of €38 per ordinary share of Frans Maas, including any dividend with respect to the financial year 2005, puts a value of €225 million on Frans Maas’ share capital. Based on the estimated 2005 year-end net interest bearing debt of approximately €208 million, the implied enterprise value of the offer amounts to €433 million. Frans Maas’ supervisory board and executive board Maas fully support the intended offer. A majority of the shareholders of Frans Maas representing 58.5% of the issued share capital have signed an irrevocable undertaking to tender their shares under the intended offer. For the full year 2005, Fra