In anticipation of market rumors, Accell Group announced that it has received a non-binding, conditional proposal from Pon Holdings to combine Accell Group with its own bicycle activities. The proposal concerns a public offer for all issued and outstanding shares of Accell Group at an indicative offer price of €32.72 per share in cash, including the 2016 proposed dividend of €0.72.
In response to the proposal, Accell Group is having exploratory discussions with Pon Holdings. The Supervisory Board and Executive Board of Accell Group are carefully reviewing and considering all aspects of the proposal, together with their financial and legal advisors. Accell Group will take into account the interests of all its stakeholders.
There can be no assurance any transaction will result from these discussions. Further announcements will be made if and when appropriate.
Photo courtesy Accell Group
