You are here

Accell's Derby Stake Increases in Value

Published September 22, 2011

HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has taken notice of the intention of Pon Holdings B.V. to make a public offer for all outstanding shares of Derby Cycle
at a price of € 28 per share.

Accell Group announces that it does not intend to launch a
competing offer for Derby Cycle. A competing offer would create too little value and would burden the balance sheet of Accell Group too much.

The intended offer of Pon Holdings for Derby Cycle means a strong increase in value of Accell Group’s 22 percent stake in Derby.

Topics associated with this article: Earnings/Financial Reports

Join the Conversation