PPR publishes voluntary public takeover offer for PUMA
14 May '07
2 min read
PUMA will remain headquartered in Germany. There is no current intention to relocate the seat or the existing main R&D and manufacturing locations out of Germany. In addition there is no intention to reduce staff due to this transaction.
The publication of the offer document was approved by the Federal Financial Supervisory Authority (Bundesanstalt fur Finanzdienstleistungsaufsicht - BaFin) on May 10, 2007. The offer document was published on May 14, 2007.
The offer is conditional upon merger control clearance by EU and US competition authorities. There is no minimum acceptance threshold set as a condition of the offer.
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