EUR 650 M DEAL - Busch-Holding GmbH announced the acquisition of Pfeiffer Vacuum Technology AG for EUR 650.22M

Pangea GmbH (the 'Bidder'), a subsidiary of Busch SE, decided to offer to
the shareholders of Pfeiffer Vacuum Technology AG ('Pfeiffer Vacuum') by
way of a voluntary public takeover offer to acquire their no-par value
shares in Pfeiffer Vacuum Technology AG, each representing a notional
amount of EUR 2.56 in the registered share capital (ISIN: DE0006916604),
against payment of a cash consideration of EUR 110.00 per share (the 'Cash
Consideration').

The settlement of the voluntary public takeover offer will occur only after
the annual general meeting of Pfeiffer Vacuum will have taken place on 23
May 2017 and therefore after the payment of the dividend of EUR 3.60 per
share announced by the management board and the supervisory board of
Pfeiffer Vacuum for the financial year 2016. Shareholders who accept the
voluntary public takeover offer can thus receive this dividend under the
applicable conditions in addition to the Cash Consideration.

The completion of the takeover offer will be subject to certain conditions.
Apart from this, the offer will be made on and subject to the terms and
conditions yet to be communicated in the offer document.

Important information:

This announcement neither represents an offer to purchase or sell nor a
solicitation of an offer to purchase or sell shares in Pfeiffer Vacuum
Technology AG. The final terms and conditions of the voluntary public
takeover offer will be published in the offer document after the approval
by the German Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht). Pangea GmbH reserves the right to deviate
from the basic terms presented herein in the final terms and conditions.
Investors and holders of shares in Pfeiffer Vacuum Technology AG are
strongly advised to read any relevant documents in connection with the
voluntary public takeover offer as soon as such documents will be published
as they will contain important information.

Maulburg, 29 March 2017

Pangea GmbH

Managing Board

on Monday, 03 April 2017. Posted in Event Driven News