Stuttgart – CMS Hasche Sigle is advising Japanese machine tool manufacturer DMG MORI SEIKI CO., LTD. (DMG MORI SEIKI CO) on all aspects of its voluntary public takeover offer to the shareholders of DMG MORI SEIKI AKTIENGESELLSCHAFT, Bielefeld (formerly: GILDEMEISTER AG) to acquire all the bearer shares. DMG MORI SEIKI CO announced its intention today via a company formed for this purpose (DMG MORI GmbH). With a stated offer price of EUR 27.50 per share, the transaction has a maximum total value of around EUR 1.640 billion.
A team from CMS has been advising DMG MORI SEIKI CO., LTD. on all aspects of the acquisition.
The proposed acquisition will further consolidate the long-standing cooperation and create a world-leading group for machine tool manufacturing and plant engineering, according to Dr Masahiko Mori, President of DMG MORI SEIKI CO, and Dr Rüdiger Kapitza, Chairman of DMG MORI SEIKI AG, speaking at a joint press conference this morning.
DMG MORI SEIKI CO and DMG MORI SEIKI AG have signed a long-term cooperation agreement covering the key aspects of the proposed merger and their cooperation going forward.
DMG MORI SEIKI CO, which is headquartered in Yamato-Koriyama, Nara, Japan, already plays a leading role in global markets. DMG MORI SEIKI CO generated sales of around EUR 1.109 billion in the 2013/2014 financial year, employing more than 4,100 people worldwide.
DMG MORI SEIKI AG of Germany is also a world-leading manufacturer of cutting machine tools. The Bielefeld-based company posted sales of more than EUR 2 billion in the 2013 financial year and had a workforce of around 6,700. DMG MORI SEIKI AG’s shares are listed on the Prime Standard of Frankfurt Stock Exchange and included in the MDAX index.
CMS Hasche Sigle
Dr Antje-Kathrin Uhl, Client Relationship Partner
Dr Karsten Heider, Lead Partner, Takeover Law
Bodo Schmidt-Schmiedebach, graduate in Business Administration (BA), Takeover Law
Dr Peter Baisch, Corporate
Dr Christoph Bastian, Corporate
Dr Harald Kahlenberg, Antitrust
Lena Heim, Antitrust
Dr Peter Ruby, Finance
Dr Andreas Grunert, Finance