ADi News2011-09-29 09:45:37
Airbus Acquires 96.7% of Satair A/S Shares Following DKK 580
per Share Cash Offer
Airbus announced today that all of conditions for completion of the offer by Airbus Denmark Holding ApS to acquire the shares of Satair, a Danish company listed on the NASDAQ OMX Copenhagen, have been satisfied. The Offer price was DKK 580 in cash per share. At the expiry of the Offer, Airbus DK has received valid acceptances representing approximately 96.7% of the shares of Satair on a fully-diluted basis.
The acquisition of Satair will help Airbus to strengthen its service business, which is a key element of the EADS Vision 2020. Consistent with this strategy, this acquisition facilitates the growth of Airbus' Material Management division and is an opportunity to develop new services through the combined entity in both the civil and governmental markets. Completion of the offer will enable Airbus to capitalize on its own commercial network together with Satair's offering and distribution capabilities in order to position itself as a leading global service and support provider for airlines and maintenance, repair and overhaul providers (MROs).
Airbus DK intends to acquire all of the remaining shares of Satair by way of a compulsory redemption and to delist Satair from the OMX NASDAQ Copenhagen.
per Share Cash Offer
Airbus announced today that all of conditions for completion of the offer by Airbus Denmark Holding ApS to acquire the shares of Satair, a Danish company listed on the NASDAQ OMX Copenhagen, have been satisfied. The Offer price was DKK 580 in cash per share. At the expiry of the Offer, Airbus DK has received valid acceptances representing approximately 96.7% of the shares of Satair on a fully-diluted basis.
The acquisition of Satair will help Airbus to strengthen its service business, which is a key element of the EADS Vision 2020. Consistent with this strategy, this acquisition facilitates the growth of Airbus' Material Management division and is an opportunity to develop new services through the combined entity in both the civil and governmental markets. Completion of the offer will enable Airbus to capitalize on its own commercial network together with Satair's offering and distribution capabilities in order to position itself as a leading global service and support provider for airlines and maintenance, repair and overhaul providers (MROs).
Airbus DK intends to acquire all of the remaining shares of Satair by way of a compulsory redemption and to delist Satair from the OMX NASDAQ Copenhagen.
For more information contact: