EANS-News: Derby Cycle AG Statement of the Management Board of Derby Cycle AG
concerning the increase in the interest of the Accell Group to 22%
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers
Cloppenburg (euro adhoc) - September 1, 2011 - The Dutch Accell Group announced
on August 31, 2011, that it will increase its interest in Derby Cycle AG to
approximately 22% through corresponding agreements. The Management Board of
Derby Cycle AG has issued the following statement and opinion on this matter:
"As the Management Board of Derby Cycle AG, we doubt whether this participating
interest relates exclusively to a financial investment. On the contrary, we as
the Management Board are assuming that the Accell Group is planning a takeover
of the company that is not desired from our perspective. Although we have
received no related declaration of intent to date, and there have also been no
discussions with representatives of the Accell Group about this topic, it is
known that it is explicitly not part of our strategy to seek a merger with a
large competitor. From today's perspective, we have no interest of any kind in
any cooperation with the Accell Group, however it might be structured, and of
whatever type it might be. We floated on the stock market at the start of this
year in order to continue independently with our strategy at a high growth rate.
The results for the first nine months of 2010/11 that have recently been
published reflect the success of this strategy - we are outstandingly
positioned. For this reason, we will continue to pursue our successful strategy
of independent growth also following the Accell Group's recent announcement."
Further inquiry note:
cometis AG
Unter den Eichen 7
65195 Wiesbaden
www.cometis.de
Henryk Deter / Tobias Eberle
Telefon: +49 (0)611-20 58 55-25
E-Mail: eberle@cometis.de
end of announcement euro adhoc
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company: Derby Cycle AG
Siemensstr. 1-3
D-49661 Cloppenburg
phone: +49-4471-966-238
FAX: +49-4471-966-44820
mail: u.boegershausen@derby-cycle.de
WWW: http://www.derby-cycle.de
sector: Consumer Goods
ISIN: DE000A1H6HN1
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English