Saturday, 28. November 2020
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Veraison requests clarity regarding potential takeover offer for Aryzta AG by Elliott Advisors

Zurich / CH. (vag) On September 10, 2020, both Elliott Advisors (UK) Limited and Aryzta AG publicly announced that they have entered into advanced discussions regarding a potential public tender offer (see bakenet:eu on 2020-09-12). Meanwhile, more than 40 days have passed since this announcement and Aryzta has held an Extraordinary General Meeting and published the annual results for 2019/2020. Veraison as a major shareholder requests that the discussions with Elliott Advisors should be brought to a swift conclusion. Veraison expects both Aryzta and Elliott Advisors to comply with the “Put Up or Shut Up” rule and to provide clarity by the end of this week regarding the potential takeover offer. This is in the best interest of all stakeholders as it allows the company and the new leadership to implement any required measures without delay.