TOGNUM TAKEOVER TIM

摘要

In mid May, the Management and Supervisory Boards of Tognum AG recommended that the company's shareholders accept the revised tender offer of €26.00/share (a €2.00 increase) from Rolls-Royce and Daimler,. Tognum is to be the platform for future growth for Daimler and Rolls-Royce in the markets for propulsion systems and decentralised energy systems. In the agreement in principle between the three companies, reported in March 2011 (see MER, April 2011), Daimler and Rolls-Royce stated their intention to secure Tognum AG's technological leadership with research and development spending alongside capital expenditure.