Business News

Axel Springer publishes takeover offer to shareholders of StepStone ASA

Monday 14. September 2009 - Axel Springer AG today published the public takeover offer to the shareholders of StepStone ASA, Oslo, that was announced on September 2, 2009. The offer comprises all 60,892,610 shares currently issued and outstanding in StepStone ASA not owned by Axel Springer AG. The offer period starts on September 14, 2009, and is set to close on October 12, 2009 (subject to extension). The offer price is NOK 8.60 (approx. EUR 0.99) per share.

Axel Springer AG secured a majority stake in StepStone ASA by buying further StepStone ASA shares in the period from September 2 to September 11 and currently holds an interest of 52.77 percent. In addition, on September 2, 2009 Axel Springer AG acquired the right to purchase 725,757 new shares in StepStone ASA to be issued on December 31, 2009.