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Draka Holding N.V.

Draka Holding N.V.

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Publicatie datum 29 jun 2009 - 08:28
Statutaire naam Draka Holding N.V.
Titel Draka Holding N.V.: Draka informs that it is in talks with Prysmian for a possible stock for stock merger of the two companies
Bericht Because the Board of Management and the Supervisory Board (together the Boards) of Draka Holding N.V. (Draka) are of the opinion that confidentiality might no longer be safeguarded and believe there might be a high risk of leaks that would trigger market speculation, the Boards hereby inform that they have entered into discussions with Prysmian SPA (Prysmian) in order to evaluate, also with the assistance of its advisors, a possible combination between the two companies, to be implemented through a share for share cross-border statutory merger with Prysmian as surviving entity. Any such combination would be in the interest of all stakeholders, including the shareholders of both companies, and is likely to be largely based on their respective market capitalisations.