Greiner’s unsolicited offer substantially undervalues Recticel
After careful consideration, the Board of Directors of Recticel SA/NV is of the view that the unsolicited conditional voluntary takeover bid from Greiner AG on Recticel for EUR 13.50 per share does not address the position and legitimate interests of all stakeholders and substantially undervalues the company.
Recticel invited Greiner AG to clarify their bid during a meeting with the Chairman and the CEO of Recticel on 24 May 2021. This meeting only further confirmed this view.
Recticel will actively review its strategic alternatives, including its stand-alone strategy, and will evaluate these alternatives taking into account the interest of all stakeholders, including shareholders.
Recticel will keep its shareholders and all other stakeholders informed of all significant developments, and will issue additional statements if and when appropriate.