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
A New York regulator has launched an investigation into the credit card practices of Goldman Sachs Group Inc. for alleged gender discrimination in determining limits for Apple's new credit card, which is administered by Goldman Sachs. The Apple Card, Apple's first credit card, was introduced by the tech giant in March this year in partnership with Goldman Sachs and Mastercard. The U.S. Food and Drug Administration approved the first therapy for patients with a rare inherited blood disorder called beta thalassemia. Celegene's Reblozyl is also the first and only FDA-approved erythroid maturation agent, a new class of therapy for such patients. The regulator approved Reblozyl for treating anemia in adult patients with beta thalassemia who require regular RBC transfusions. McDonald's is adding renewable energy to the grid, as part of its efforts to address climate change. The fast-food giant said it signed two long-term, large-scale virtual power purchase agreements or VPPAs to buy renewable energy generated by wind and solar power. Under the agreements, McDonald's will buy a combined 380MW in renewable energy.
Follow RTT
>