Offeree companyTEERAG-ASDAG Aktiengesellschaft (FN 118596g)
ISINWKN 080610
OfferorAllgemeine Baugesellschaft - A. Porr Aktiengesellschaft (PORR) und WIENER STADTWERKE Beteiligungsmanagement GmbH (BMG)
Acceptance Period03 Aug to 14 Sep 2000, n.a.
Offer priceEUR 60.15 per TEERAG ordinary share nominal value ATS 100, EUR 601.50 per TEERAG ordinary share nominal value ATS 1.00
Offer volumeATS 46,029,100 and 41.845% of the share capital
Premium+52.8 % (3M), +55.9% (6M), +60.3% (12M), +61.2% (24M)
Paying agentBank Austria Aktiengesellschaft
Share held by bidder prior to announcement of offerPORR: 8.163 %, BMG: 49.993 %
Anticipatory mandatory bidOn 29 June 2000, PORR, BMG and TEERAG signed the contractual framework described below, which, when executed will result in the joint control by PORR and BMG over TEERAG. Although all subcontracts of the contractual framework are essentially subject to the same conditions precedent and these conditions had not yet been met at the time of the announcement of this offer, the Offerors are making the voluntary offer in anticipation of their probable obligation to make a mandatory bid.
Extended Acceptance PeriodThe acceptance period of this offer pursuant to § 19 para 4 Takeover Act in conjunction with § 15 para 1 1. Takeover mandate extended by 20 trading days; the offer may be accepted up to and including 12 October 2000.