First step of a planned three-step transaction leading to the merger of Vitesco into Schaeffler and creating a leading Motion Technology Company
Offer price of 91 euros per share represents an attractive premium of around 20 percent on the 3-month volume-weighted average share price of Vitesco
Vitesco shareholders have the choice of tendering their shares or benefiting from the expected significant synergies by retaining their shares until the planned merger with Schaeffler
Tender offer can be accepted as of now until December 15, 2023
Tender offer is not subject to a minimum acceptance threshold; customary closing conditions as laid out in the offer
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