Giesecke & Devrient (G&D) is making secunet Security Networks shareholders an official offer of 5.70 euros per share, valid until 30 September 2009.
G&D currently holds a 76.4% stake in secunet and had announced the voluntary public offer for purchasing the remaining shares in July when it acquired the share package from RWTÜV, the major shareholder.
G&D says its purchase offer of 5.70 euros per share gives all secunet shareholders the opportunity to sell their shares at the same price as RWTÜV. The offer price includes a 43% premium over the average XETRA price on the 200 days before the decision to make the purchase offer was published.
G&D initially acquired the majority stake of 50 percent plus one share from RWTÜV and T-Systems in February 2004. In July 2009, the firm increased its stake to 76.4% by purchasing the RWTÜV shares.