Wacker Neuson confirms discussion of acquisition and takeover by Bobcat

In response to recent media reports, Wacker Neuson has confirmed that its executive board is in advanced discussions with Doosan Bobcat Inc. regarding the possible acquisition of a majority stake in Wacker Neuson as well as a public takeover. 

Wacker Neuson states: Doosan Bobcat is considering acquiring shares amounting to approximately 63 percent of Wacker Neuson's share capital from major shareholders and launching a public takeover offer in the form of an all-cash offer to all remaining Wacker Neuson shareholders. Currently, Wacker Neuson cannot predict whether the sale of shares by the major shareholders or a public takeover offer will actually occur. Wacker Neuson will inform the capital markets and the public of any further developments in accordance with legal requirements.