Elster Group SE Confirms Possible Acquisition by Melrose PLC
Melrose is currently conducting due diligence and has informed Elster that it is in the process of putting in place firm financing. Elster was informed by
The Administrative Board of Elster is in the process of evaluating whether the proposal is in the best interest of Elster and its stakeholders. There can be no assurances that any transaction will occur, or if it does, what the terms of such transaction would be.
Elster has one of the most extensive installed revenue measurement bases in the world, with more than 200 million metering devices deployed over the course of the last 10 years. It sells its products and services in more than 130 countries across electricity, gas, water and multi-utility applications for residential, commercial and industrial, and transmission and distribution applications.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell securities.
This release contains forward-looking statements that involve risks and uncertainties concerning the proposed acquisition. Actual events or results may differ materially from those described in this release due to a number of risks and uncertainties. Among others, there is no certainty that the negotiations referred to in this announcement will lead to a binding agreement or transaction between the parties. Elster is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this document. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Investors - John Bluth, Elster Investor Relations and Corporate Communications, +1-919-250-5425, email@example.com, or Ron Botoff, Elster Investor Relations, +1-919-212-4857, firstname.lastname@example.org; Media - Rainer Mueller-Mueffelmann, Elster Corporate Communications - International, +49 6134 605 213, email@example.com, or Noreen Pratscher, Elster Corporate Communications - North America, +1-919-675-0391, firstname.lastname@example.org.