euro adhoc: TUI AG
Mergers - Acquisitions - Takeovers
TUI extends CP Ships
offer - Regulatory approvals obtained in Canada and the U.S.
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
07.10.2005
Hanover, October 7, 2005 - The board of TUI AG has decided today that TUI has extended its Offer dated August 30, 2005 for 100 per cent of the CP Ships common shares. The Offer is now open for acceptance until 6:00 p.m. (Eastern time) on October 18, 2005, unless further extended or withdrawn.
TUI has extended its Offer in order to allow time for, among other things, the satisfaction of the condition under its Offer relating to the receipt of necessary regulatory approvals. As of October 7, 2005, the original expiry date under the Offer, regulatory approvals have been obtained or waiting periods expired under the Investment Canada Act and competition legislation in Canada and the U.S. Regulatory review periods have not expired yet under competition legislation in the EU and certain other countries in which the companies carry on business.
Except for this extension, the terms and conditions previously set forth in the Offer continue to be applicable in all respects. TUI has mailed a Notice of Extension to all holders of CP Ships shares or of options or rights to acquire CP Ships shares.
TUI anticipates completion of the Offer in October, 2005.
CP Ships shareholders are advised to read the Notice of Extension, the Offer and Circular, the Directors Circular and related documents which have been filed with the Canadian securities commissions and the United States Securities and Exchange Commission as they contain important information. Shareholders may obtain a copy of the material (when available) at the Canadian SEDAR web site at www.sedar.com and at the SECs web site at www.sec.gov.
TUI AG The Executive Board
Address: TUI AG Karl-Wiechert-Allee 4 D-30625 Hannover Germany
List of stock exchanges: Berlin/Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München, Stuttgart
ISIN codes: DE000TUAG000 DE0003659884 DE0002913894 XS0191794782 XS0191795672 XS0195307367
End of ad-hoc notification
Additional information If we comment on forecasts or expectations in this announcement or if our statements relate to the future, these statements may be associated with known and unknown risks and uncertainties. Actual outcomes and developments may, therefore, deviate significantly from the expressed expectations and assumptions. In addition, the performance of financial markets and exchange rates as well as national and international law amendments, particularly with regard to tax regulations, may have an influence. Except as provided by law, the company assumes no obligation to update future statements.
end of announcement euro adhoc 07.10.2005 21:04:20
Further inquiry note:
Bjoern Beroleit
Telefon: +49(0)511 566 1310
E-Mail: bjoern.beroleit@tui.com
Branche: Tourism & Leisure
ISIN: DE0006952005
WKN: 695200
Index: DAX, CDAX, HDAX, Prime All Share, Prime Standard
Börsen: Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing
Bremer Wertpapierbörse (BWB) / official dealing