26.09.2016 15:31:51
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DGAP-News: Braas Monier Building Group S.A.
DGAP-News: Braas Monier Building Group S.A.: Response to Standard Industries Letter dated 25 September 2016
The Board continues unanimously to recommend that shareholders reject the offer of EUR 25 per share.
The Board is focused on maximizing the value and position of all stakeholders over time. To the extent that the Board receives a takeover or merger proposal which offers fair and appropriate value, such a proposal would receive full consideration.
In the meantime, Shareholders are asked to continue their support of the Board and await further developments.
The Board of Braas Monier is being advised by Rothschild in relation to this matter. Scott Harris is advising the Board in relation to shareholder engagement.
Contact Braas Monier Building Group: Achim Schreck Director Group Communications / Investor Relations Tel: +49 6171 61 28 59 Rothschild: John Deans Scott Harris: Alice Squires Tel: +44 20 7280 5000 Tel: +44 207 653 0030
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26.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Braas Monier Building Group S.A. 4, rue Lou Hemmer 1748 Senningerberg Grand Duchy of Luxembourg Internet: www.braas-monier.com ISIN: LU1075065190 WKN: BMSA01 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
505567 26.09.2016
DGAP-News: Braas Monier Building Group S.A. / Key word(s): Miscellaneous
Braas Monier Building Group S.A.: Response to Standard Industries Letter
dated 25 September 2016
26.09.2016 / 15:31
The issuer is solely responsible for the content of this announcement.
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Response to Standard Industries Letter dated 25 September 2016
The Board of Braas Monier notes the Standard Industries Letter dated 25
September 2016. The Board does not accept Standard Industries' assertion
that the Letter to Shareholders of 23 September 2016 "contains a number of
misleading statements and outright falsehoods" and will respond to the
Standard Industries Letter in due course.
The Board continues unanimously to recommend that shareholders reject the offer of EUR 25 per share.
The Board is focused on maximizing the value and position of all stakeholders over time. To the extent that the Board receives a takeover or merger proposal which offers fair and appropriate value, such a proposal would receive full consideration.
In the meantime, Shareholders are asked to continue their support of the Board and await further developments.
The Board of Braas Monier is being advised by Rothschild in relation to this matter. Scott Harris is advising the Board in relation to shareholder engagement.
Contact Braas Monier Building Group: Achim Schreck Director Group Communications / Investor Relations Tel: +49 6171 61 28 59 Rothschild: John Deans Scott Harris: Alice Squires Tel: +44 20 7280 5000 Tel: +44 207 653 0030
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26.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Braas Monier Building Group S.A. 4, rue Lou Hemmer 1748 Senningerberg Grand Duchy of Luxembourg Internet: www.braas-monier.com ISIN: LU1075065190 WKN: BMSA01 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
505567 26.09.2016
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