SYDNEY--(BUSINESS WIRE)--Brambles Investment Limited, Addlestone, UK ("Offeror"), a wholly-owned subsidiary of Brambles Limited ("Brambles”), today announced the results of the public tender offer (the “Offer”) dated 23 December 2010 for all issued ordinary bearer shares of IFCO Systems N.V. (“IFCO”) for €13.50 per share in cash (increased by 12% per annum from and including November 1, 2010 until and including the settlement date of the Offer), the acceptance period for which expired on March 3, 2011 at 24.00 hrs. (Central European Time). Prior to the expiration of the acceptance period, the Offer was accepted for 16,122,583 IFCO shares, which corresponds to approximately 31.26 % of the issued share capital of IFCO and of the voting rights attached to IFCO shares.
IFCO shareholders who have not accepted the Offer so far may still accept the Offer within two weeks from the date of this announcement. This additional acceptance period will expire on March 23, 2011 at 24.00 hrs. (Central European Time). Pursuant to Section 12.1 of the offer document, the Offer and the agreements entered into with the IFCO shareholders accepting the Offer are subject to certain conditions precedent, which are described in the offer document.
IFCO is a publicly traded Dutch company listed on the Frankfurt Stock Exchange, and the Offer is being conducted in accordance with the applicable laws of the Federal Republic of Germany and the Netherlands.
The Offer is being made pursuant to a separate offer document, which has been published on 23 December 2010 and which, along with related documents, is available free of charge in German and in a non-binding English translation at Brambles’ website, www.brambles.com.
Additional Information and Where to Find It
This press release is not an offer to purchase or a solicitation of an offer to sell any securities. Any solicitation or offer will only be made through an offer document approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). IFCO shareholders and other interested parties are urged to read the offer document and any related documents when they become available because they will contain important information. IFCO shareholders will be able to obtain such documents (when available) free of charge in German and in a non-binding English translation at Brambles’ website, www.brambles.com. Copies of the offer document and the non-binding English translation will be available free of charge for IFCO shareholders at Commerzbank Aktiengesellschaft, ZCM-ECM Execution, Mainzer Landstraße 153, 60327 Frankfurt am Main, Germany, fax: +49 69 136-44598, e-mail: zcm.ecm.execution@commerzbank.com.
Forward-Looking Statements
This press release may include statements which relate to anticipated future events (forward-looking statements) rather than actual present conditions or historical events. These statements generally include words such as "believes", "expects", "intends", "anticipates", "estimates", and similar expressions. Forward-looking statements, by their nature, are subject to a variety of inherent risks and uncertainties that could cause actual results to differ materially from the results projected. Many of these risks and uncertainties cannot be controlled by the Offeror or Brambles and include the possibility that the transaction may not be completed on the terms described in this press release or at all, including as a result of changes in the business or prospects of IFCO. For a detailed description of other risks and uncertainties affecting Brambles, please refer to Brambles’ filings with the Australian Stock Exchange, available at www.asx.com/au or at Brambles’ website, www.brambles.com.
Any forward-looking statements made in this press release are made by the Offeror or Brambles as of the date of this press release. Further, the Offeror and Brambles do not have any obligation to update or revise any forward-looking statement contained in this press release, even if the Offeror's or Brambles’ expectations or any related events, conditions or circumstances change.