Goldin Fund Pte. Ltd., Singapore, submitted a voluntary public takeover offer to the shareholders of publicly listed Gigaset AG, Munich. Network Corporate Finance advised Gigaset AG in connection with the transaction and provided the management board and supervisory board with a fairness opinion.
|Industry:||IT & Software|
|Project type:||Capital Market Transactions|
On September 27, 2013 Goldin Fund Pte. Ltd., Singapore, published its decision to submit a voluntary public takeover offer to the shareholders of Gigaset AG, München, in accordance with the German Securities Acquisition and Takeover Act. On November 13, 2013, Goldin Fund offered the shareholders a price of EUR 1.00 per share, equalling an equity value of EUR 69.6 million. Network Corporate Finance advised Gigaset in connection with the transaction and provided the management board and supervisory board with an assessment regarding the financial appropriateness of the offer ("fairness opinion").
Gigaset AG is the European market leader in DECT-telephones. The premium supplier ranks second on a worldwide basis with about 1.400 employees and presence in 70 countries. Gigaset AG is listed in the Prime Standard of the German Stock Exchange.
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