During the additional acceptance period, the voluntary public tender offer by KKR has been accepted for an additional 14.7 percent of the Axel Springer shares. Including the shares which were tendered during the original acceptance period, the final acceptance rate reaches 42.5 percent of the share capital of Axel Springer SE. The additional acceptance period expired on 21 August 2019. Thereby, a further important milestone on the path towards the strategic partnership with KKR has been reached.
KKR also informed that in addition, as of the end of the additional acceptance period, agreements have been entered into acquiring Axel Springer shares outside the public tender offer corresponding to approximately 1.04 percent of the share capital and the voting rights of Axel Springer.
Mathias D?pfner, CEO of Axel Springer, said: “The offer result is a very strong foundation for the planned strategic partnership with KKR. In the coming months, we will be focussing our attention on executing our growth strategy, which we will accelerate further.“
The completion of the offer remains subject to merger control, foreign investment and media concentration clearances. Closing of the transaction is expected in the coming months.