Thursday, 24. September 2020
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Elliott Advisors and Aryzta AG confirm advanced talks

Bremerhaven / DE. (eb) Where will upcoming events lead Aryzta AG? There are several possibilities and opinions. Perhaps the long announced Extraordinary General Meeting can bring clarity. Until then every decision maker positions himself as best he can. Recent development: The announcement of extended talks between Elliott and Aryzta regarding a possible takeover of the entire share capital as follows:

Elliott Statement on Aryzta AG

London / UK. (09.10. / ead) Elliott Advisors (UK) Limited confirms that it today (2020-09-10) has submitted a letter to Aryzta AG’s Board in relation to advanced discussions regarding an acquisition of the entire share capital of the company. Elliott notes that there is no certainty that an offer will be made.

Aryzta AG notes the statement by Elliott Advisors

Zurich / CH. (09.11. / aag) Swiss-Irish Aryzta AG notes the statement by Elliott Advisors (UK) Limited and confirms that it has entered into advanced discussions with Elliott about a potential public tender offer for all the outstanding shares of Aryzta. There is no certainty that those discussions will result in any offer being made. A further announcement will be made if and when appropriate.

Elliott Management Corporation (EMC) manages approximately USD 41 billion in assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Elliott Advisors (UK) is an affiliate of EMC.