logo
Plus   Neg
Share
Email

KKR: Axel Springer's Grandchildren Back Tender Offer - Quick Facts

Ariane Melanie Springer and Axel Sven Springer, the grandchildren of Axel Springer, have decided to support the tender offer by Traviata II for Axel Springer SE (AXELF.PK). They will accept the tender offer for shares representing approximately 3.7 percent of the share capital of Axel Springer SE.

"My sister and I are convinced of the entrepreneurial concept for the further development of Axel Springer. We therefore back the tender offer," said Axel Sven Springer.

The investor KKR said the additional acceptance period with respect to the tender offer will expire on 21 August 2019. Traviata II is a holding company owned by funds advised by KKR.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
McDonald's has launched its first new seasonal McFlurry flavor in seven years for the holiday season - the Snickerdoodle McFlurry. The holiday treat combines McDonald's creamy vanilla soft serve with crumbles of sweet cinnamon. This is the first new seasonal McFlurry flavour since 2012. The new McFlurry will first be available exclusively on McDelivery with Uber Eats from November 11 to 17. Boeing is hoping to resume deliveries of the 737 MAX aircraft to airline customers in December, when the Federal Aviation Administration is expected to issue an Airworthiness Directive rescinding the grounding order following certification, according to a progress report issued by the aircraft maker. The MAX is also expected to return to commercial service in January 2020. Shares of Deutsche Post DHL Group were gaining around 5 percent in the morning trading in Germany after the package delivery and supply chain management company reported Tuesday significantly higher profit in its third quarter. Looking ahead, the company anticipates a traditionally strong holiday season in the fourth quarter. The company also confirmed its annual earnings outlook.
Follow RTT
>