DSW calls on Balda shareholders to accept the purchase offer of the Heitkamp & Thumann Group
Germany’s oldest and largest association for private investors DSW (Deutsche Schutzvereinigung für Wertpapierbesitz e.V.) calls on Balda shareholders to accept the purchase offer of the Heitkamp & Thumann Group at the upcoming annual shareholder meeting on November 30, 2015 in Hannover (Germany).
According to Marc Tüngler, Manager-in-Chief of DSW, the sale to Heitkamp & Thumann Group would be the right decision. Since Balda’s Management and Supervisory Board have decided to exit Balda’s entire operational business, shareholders have no real choice. Not accepting the purchase offer would only create losers: "The share price would collapse massively, the employees would face an uncertain future and the customers would be forced to look for new and more reliable suppliers", says Tüngler.
Shareholders who are interested to exercise their voting rights through DSW should register under email@example.com.
The full DSW press release (in German) can be found here.
The family-owned Heitkamp & Thumann Group offers € 74 Mio. to acquire the operative companies of Balda AG. For further information about the purchase offer click here.