D.E MASTER BLENDERS 1753 : D.E MASTER BLENDERS 1753 in negotiations with Joh.
A. Benckiser on potential public offer for D.E MASTER BLENDERS 1753
Full Press Release PDF
Amsterdam, March 28, 2013 - D.E MASTER BLENDERS 1753 ("the Company") announces
that it is negotiating a possible public offer for all issued and outstanding
ordinary shares in D.E MASTER BLENDERS 1753 by a Joh. A. Benckiser led
investor group ("JAB").
D.E MASTER BLENDERS 1753 announces that it was approached by JAB regarding a
potential public offer for all the Company's issued and outstanding ordinary
shares.The price per ordinary D.E MASTER BLENDERS 1753 share currently
indicated by JAB is €12.75 (cum dividend) on a fully diluted basis, subject
to the satisfactory outcome of due diligence, agreement on the transaction
terms, corporate and other approvals, and certain pre-offer and offer
conditions being fulfilled.
The Company's Board has, on the basis of JAB's non-binding proposal, agreed to
allow JAB and its advisers to conduct due diligence.This due diligence is
pending.The negotiations are in an early stage.At this time it is
uncertain whether the negotiations with JAB will result in a conditional
agreement on a potential full public offer for all issued and outstanding
ordinary shares in D.E MASTER BLENDERS 1753 by JAB and, if so, at what price
and under which conditions.
Consistent with its fiduciary duty, the Board of D.E MASTER BLENDERS 1753 is
carefully evaluating JAB's non-binding proposal.With respect to the decision
making, the Company's Board will give due consideration to a proper decision
making process, which includes avoiding any (potential) conflict of interest
by executives, and in its decision making will take the interests of all
stakeholders, including the shareholders, into full consideration.
Further announcements will be made if and when required.
Joh. A. Benckiser comprises a privately-owned affiliated group of companies
focused on long term investments in companies with premium brands in the Fast
Moving Consumer Goods category.The JAB-group's portfolio includes a majority
stake in Coty Inc., a global leader in beauty, a majority stake in Peet's
Coffee & Tea Inc., a premier specialty coffee and tea company, a majority
stake in Caribou Coffee, a specialty retailer of high-quality premium coffee
products, a minority stake in Reckitt Benckiser Group PLC, a global leader in
health, hygiene and home products and a minority investment in D.E MASTER
BLENDERS 1753 N.V., an international coffee and tea company.JAB also owns
Labelux, a luxury leather goods company with brands such as Jimmy Choo, Bally
and Belstaff.The assets of the group are overseen by its three senior
partners, Peter Harf, Bart Becht and Olivier Goudet.
This is a public announcement by D.E MASTER BLENDERS 1753 pursuant to Section
5:25i, paragraph 2 of the Dutch Financial Supervision Act (Wet op het
Financieel Toezicht).This public announcement does not constitute an offer,
or any solicitation of any offer, to buy or subscribe for any securities in
the Company and is not for release, publication or distribution, in whole or
in part, in or into, directly or indirectly, the United States, Canada, or
# # #
About D.E MASTER BLENDERS 1753
D.EMASTERBLENDERS1753 is a leading pure-play coffee and tea company that
offers an extensive range of high-quality, innovative products through
well-known brands such as DouweEgberts, Senseo, L'OR, Pilão, Merrild,
Moccona, Pickwick and Hornimans in both retail and out of home markets.The
company holds a number of leading market positions across Europe, Brazil,
Australia and Thailand and its products are sold in more than 45
countries.D.EMASTERBLENDERS1753 generated sales of more than € 2.7
billion in fiscal year 2012 and employs around 7,500 people worldwide.For
more information, please visit www.demasterblenders1753.com.
Contact Investor Relations Corporate Communications
Robin Jansen Michiel Quarles van Ufford
+31 20 558 1014 +31 20 558 1080
Full Press Release PDF
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information contained therein.
Source: D.E MASTER BLENDERS 1753 via Thomson Reuters ONE
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