Block acquisition of stake in PUMA/public take-over offer intended
10 Apr '07
1 min read
PUMA's Board of Management has been informed that Mayfair “Beteiligungsfondsgesellschaft I mbH”, Hamburg, has sold its stake in PUMA representing approximately 25.14 % (corresponding to 27.14 % after the cancellation of treasury stock resolved on April 5th 2007 takes effect) to SAPARDIS S.A., a nearly 100% subsidiary of PPR S.A., Paris, for the price of EUR 330 per share and that SAPARDIS will also submit a voluntary public take-over offer to the other shareholders of PUMA for the same price of EUR 330 per share.
Closing of the agreement between Mayfair and SAPARDIS is subject to antitrust clearance.
PUMA is the global Sportlifestyle company that successfully fuses influences from sport, lifestyle and fashion. PUMA`s unique industry perspective delivers the unexpected in Sportlifestyle Footwear, Apparel and Accessories, through technical innovation and revolutionary design. Established in Herzogenaurach, Germany in 1948, PUMA distributes products in over 80 countries.
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