Ceconomy Ag Confirms Advanced Negotiations With Jd.com (JD)

Against the backdrop of current press reports, CECONOMY AG ("CECONOMY") confirms that it is in advanced negotiations with JD.com ("JD") regarding a possible public takeover of CECONOMY by JD. JD is considering making the shareholders of CECONOMY a voluntary public takeover offer in the form of a cash offer for all bearer ordinary shares in accordance with the provisions of the German Securities Acquisition and Takeover Act, and to offer a price of EUR 4.60 per ordinary share ("Offer"). No legally binding agreements have been signed so far. At present, it is therefore not foreseeable for CECONOMY whether a takeover offer will actually be made or not.

You May Also Be Interested In