Archived posting to the Leica Users Group, 2000/12/22

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Subject: [Leica] Leica Newsletter 12/22/00: Hermès acquires 31.5 %
From: Leica Camera Newsletter <leica-news@nova.de>
Date: Fri, 22 Dec 2000 16:43:22 +0100

Dear Leica friends,

The year ends with good news for Leica Camera:


- - Hermès acquires 31.5 % of the share capital of Leica 
Camera AG

On 22nd of November 2000, Hermès International has 
 launched a friendly tender offer for 30 % of the share
 capital of Leica Camera AG running until 20th of
 December 2000. The proposed price was 12.50 Euro per
 share, representing a 30 % premium on the average stock
 market price in the last three months preceding the offer.

At the closing of the offer, Hermès International is pleased
 to announce that it has acquired 31.5% (30 % on a fully
 diluted basis) of the share capital of Leica Camera AG for
 a total investment of 17.7 million Euro subject to the
 approval from the German Cartel Authorities.

Hermès International and Leica Camera AG welcome the
 decision of the shareholders who have tendered their
 shares.


We wish all of you the very best for the holidays and a 
happy new year.

With best regards,
Leica Camera AG
Marketing Communication
http://www.leica-camera.com/

______________________________________________


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