According to a report issued by PPR concerning its bid for all outstanding public shares of Puma, as of June 19, 2007
the offer has been accepted for 440,055 Puma Shares. This corresponds to approximately 2.75% of the Puma Shares and voting rights as well as to approximately 2.75% of the outstanding share capital of Puma AG.
This would bring PPR's ownership in Puma to approximately 27.05% of the total number of Puma Shares and voting
rights as well as to approximately 27.05% of the total outstanding share capital.
The offer is set to expire on June 20, but PPR is expected to automatically extend this deadline for two weeks. PPR has stated that it has no intention of improving the 330 per share offer. Analysts have stated that it is unlikely PPR will gain control of the company at this point.
