The management and supervisory board of CA Immo have today published their reasoned statements with regards to the offer of Starwood pursuant to section 14 of the Austrian Takeover Act.

After conducting an in-depth examination of all relevant angles, the management and supervisory board choose not to expressly recommend the acceptance or the rejection of the offer to the shareholders of CA Immo. With regard to financial considerations, each shareholder must decide whether to accept or reject the offer on the basis of the shareholder’s own investment strategy and personal assessment of the opportunities and risks associated with the further course of business of CA Immo. 

From the perspective of the company, the management board of CA Immo essentially welcomes the interest displayed by an internationally renowned investor such as Starwood in a strategic relationship with CA Immobilien Anlagen AG.

For its part, the management board of CA Immo will assess the financial and strategic implications of the offer in order to have a sound basis on which to arrive at a decision on tendering the treasury shares and will submit such decision to the supervisory board before the end of the acceptance period. To this effect, a report regarding the sale of treasury shares under exclusion of the shareholders' rights to repurchase pursuant to section 171 AktG was published concurrently to this statement as a mere precautionary measure.

As Starwood announced today, the acceptance period is extended by two weeks and therefore runs until and including 30 May 2018, 17:00 Central European Time (CET).

The detailed statement of the management board including considerations for rejecting or accepting the offer and the statement of the supervisory board as well as the offer document are available on the corporate website at http://www.caimmo.com/en/investor-relations/takeover-offers/