The Management and Supervisory Boards of HORNBACH Baumarkt AG have jointly endorsed the public delisting offer from HORNBACH Holding AG & Co. KGaA. They deem the offer price of €47.50 per share to be fair, reflecting the company's value. Shareholders are recommended to accept the offer before the deadline of February 22, 2022. Following this, an application for delisting shares from the Frankfurt Stock Exchange will be made. The opinion supporting the offer is available on the company’s Investor Relations website.
HORNBACH Holding AG & Co. KGaA has published an offer document for a public delisting tender offer to all shareholders of HORNBACH Baumarkt AG, following approval by BaFin. The acceptance period, which starts now and ends on February 22, 2022, allows shareholders to tender shares at €47.50 each, a 29.4% premium over the last 6-month average. This strategic move aims to enhance capital market visibility and streamline operations as one listed entity. The delisting will not subject to any closing conditions and is projected to finalize in early March 2022.
HORNBACH Holding has announced a delisting agreement and an unconditional tender offer for shareholders of HORNBACH Baumarkt AG. The company currently holds 76.4% of the shares and has proposed a cash offer of €47.50 per share, representing a 13.8% premium over the last closing price. The delisting aims to streamline the capital market presence of the Holding Group. The offer document is expected by January 2022, with completion anticipated by March 2022. The financing for the tender is secured through a short-term credit facility.