Hunter Douglas will not proceed with bid for Blydenstein-Willink
Hunter Douglas will not proceed with bid for Blydenstein-Willink
Hunter Douglas will not proceed with bid for Blydenstein-Willink
Rotterdam, June 4, 2003 - Hunter Douglas and Blydenstein-Willink announced on 12 May 2003 that Hunter Douglas was considering a public bid for all outstanding ordinary shares of Blydenstein-Willink.
Hunter Douglas has now announced that it has not reached agreement with Blydenstein-Willink on the public offer because two pre-conditions for such an offer have not been fulfilled. The outcome of the due diligence review was not satisfactory, and therefore the Board of Directors of Hunter Douglas N.V. did not approve the offer. Moreover, Blydenstein-Willink has up to now not been prepared to discuss adjusting the offer price. Hunter Douglas will therefore not make a public offer for all outstanding shares of Blydenstein-Willink.
This press release constitutes public notification in accordance with Article 9b, Section 2, Paragraph g, of the Dutch securities transactions supervision decree of 1995.
Hunter Douglas has now announced that it has not reached agreement with Blydenstein-Willink on the public offer because two pre-conditions for such an offer have not been fulfilled. The outcome of the due diligence review was not satisfactory, and therefore the Board of Directors of Hunter Douglas N.V. did not approve the offer. Moreover, Blydenstein-Willink has up to now not been prepared to discuss adjusting the offer price. Hunter Douglas will therefore not make a public offer for all outstanding shares of Blydenstein-Willink.
This press release constitutes public notification in accordance with Article 9b, Section 2, Paragraph g, of the Dutch securities transactions supervision decree of 1995.
