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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: Edison Investment Research
Provider: Wright Reports

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All for One Steeb AG to Acquire AG

Friday, 31 Aug 2012 06:51am EDT 

All for One Steeb AG announced that the Company and the shareholders of AG, Dr. Dietmar Kamp, Timm Nissen and Peter Duve, have signed a comprehensive letter of intent that foresees a complete takeover of AG and its subsidiaries in the coming years. According to the letter, All for One Steeb AG intends to initially acquire 60% of the shareholdings in the company and the remaining 40% of the shares following the end of a multi-year earnout period. The three company founders will continue to manage the business and serve as directors of AG and managing directors of its subsidiaries. The acquisition of the shareholdings is expected to be completed in the coming weeks subject to, among other things, finalizing the purchase agreement taking into account any rights to reserve approval. 

Company Quote

0.831 +2.38%
9 Jul 2014