Busch group concludes initial acceptance period of tender offer for Pfeiffer Vacuum with over 30 percent
- Additional two-week acceptance period expected to commence on 9 June 2017 and expire on 22 June 2017
Maulburg. Pangea GmbH, a wholly owned subsidiary of Busch SE, today announced the initial results of the voluntary public tender offer for the shares of Pfeiffer Vacuum Technology AG (ISIN: DE0006916604). The initial acceptance period expired at midnight (local time Frankfurt am Main) on 1 June 2017. A total of 16,709 shares, corresponding to approximately 0.17 percent of total share capital and voting rights in Pfeiffer Vacuum, were tendered during the initial acceptance period. Busch group has thereby increased its stake to approximately 30.15 percent of total share capital and voting rights in Pfeiffer Vacuum. This corresponds to a total number of 2,974,909 Pfeiffer Vacuum.
According to the German Securities Acquisition and Takeover Act (WpÜG), shareholders of Pfeiffer Vacuum who have not tendered their shares can still accept the offer by tendering their shares within the additional acceptance period, which is expected to commence on 9 June 2017 and expire at midnight (local time Frankfurt am Main) on 22 June 2017. Busch group will disclose the final number of shares tendered following the expiry of the additional acceptance period.
“With the voluntary tender offer we have exceeded the important control threshold of 30 percent and are pleased to have further increased our stake”, Sami Busch, one of the managing partners of Busch group, said.
All offer conditions have been satisfied at the end of the initial acceptance period. The closing of the transaction is expected at the end of June 2017. The respective announcement and a non-binding English translation are available at https://www.offerbuschvacuum.com.
About Busch group
Busch group is a globally operating manufacturer of vacuum pumps, blowers and compressors. The comprehensive product range comprises solutions for vacuum and overpressure technology in all industry sectors. The Busch group offers one of the largest selections of industrial vacuum technologies worldwide.
The company was founded in 1963 in Maulburg, Baden-Wuerttemberg, where the main German manufacturing facility and the German sales organization are located. Today, the company has 60 subsidiaries in 42 countries and sales agents in further 30 countries, providing sound advice and practical support to customers on-site. The family-owned company has more than 3,000 employees worldwide.

