STEMMER IMAGING AG Management Recommends Acceptance of Takeover Offer

The Management and Supervisory Board of STEMMER IMAGING AG have recommended the acceptance of MiddleGround Capital's takeover offer. The offer, valued at EUR 48.00 per share, represents a premium of approximately 52% compared to the closing price on July 19, 2024, and around 41% relative to the volume-weighted average price over the past three months up to July 21, 2024.

Major shareholder PRIMEPULSE SE, which owns about 78% of STEMMER IMAGING shares, backs the offer. The partnership agreement between PRIMEPULSE and MiddleGround Capital includes ongoing minority shareholder status for PRIMEPULSE. The company’s management has also accepted the offer for their shares.

The Boards believe the offer aligns with the interests of the company's shareholders and employees. The fairness opinion by ParkView Partners GmbH confirms the offer's appropriateness. The acceptance period for the offer ends on September 30, 2024.