Wednesday, June 1, 2011

Chinese offers EUR 629 million: Lenovo wants to buy Medion

The shareholders will offer 13 euros per share in cash, announced Lenovo. The Chinese, who acquired a few years ago the PC business of U.S. group IBM will take over Medion like to complete - but it will be at least 51 percent of the share capital. On the way to Lenovo has taken a big step with the consent of the founder, majority owner and CEO Gerd Brachmann behind.

He accepted the offer to a large extent on already and is just under 17.75 million shares for about 230.7 million euros to make the Chinese. Brachmann receives 80 percent of it in cash and 20 percent in the form of Lenovo shares. been over the remaining shares held by him Medion is a long-term call and put option (right to buy and sell securities at a specific value) agreed.

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