REpower published their opinion about the takeover offer of Suzlon
Tuesday, 06 March 2007
The supervisory board and management board of REpower Systems AG have published their joint reasoned opinion concerning the takeover offer of Suzlon Windenergie GmbH which had been submitted to REpower on 28 February.
Therein, supervisory board and management board both approve the offer of Suzlon, which provides a takeover price of € 126.00 per share (equalling a total value of € 1.02 billion) and recommend to accept the offer as for REpower, Suzlon would be an appropriate strategic partner for the accelerated growth of the international wind energy industry and as the offer is € 21.00 higher than AREVA's competing offer which provides a share price of € 105.00 per share.
http://www.windtech-international.com/content/view/1121/1/