Under the joint leadership of Frankfurt partners Prof Dr Michael Schlitt and Dr Tim Brandi as well as Munich counsel Dr Sebastian Biller, global law firm Hogan Lovells has advised STEMMER IMAGING AG (“STEMMER IMAGING”) in connection with the conclusion of a delisting agreement with Ventrifossa BidCo AG, controlled by MiddleGround Capital (together MiddleGround Capital), in relation to a public delisting tender offer by MiddleGround Capital and the corresponding revocation of the admission of the STEMMER IMAGING shares to the regulated market on the Frankfurt Stock Exchange (Prime Standard).
The delisting tender offer published by MiddleGround Capital on 29 November 2024, which contained a cash consideration of EUR 48.00 per STEMMER IMAGING share corresponding to the previous voluntary public takeover offer by MiddleGround Capital, lapsed at the end of the acceptance period on 27 December 2024. Simultaneously, at the end of the acceptance period of the delisting tender offer on 27 December 2024, the revocation of the admission of the STEMMER IMAGING shares to the regulated market on the Frankfurt Stock Exchange (Prime Standard) became effective. The delisting tender offer is expected to be settled on 16 January 2025.
STEMMER IMAGING is the leading international system house for image processing technology. With its comprehensive expertise, STEMMER IMAGING provides the entire range of image processing services – from value-adding services and the development of subsystems to its own products, based on an extensive commercial range. The company is managed by the two management board members Arne Dehn (CEO) and Uwe Kemm (COO) as well as Michael Bülter (CFO).
