Shulou(Shulou.com)11/24 Report--

CTOnews.com August 18, 2014 SUSE has changed hands many times over the years, from being an independent company to being acquired by Novell two decades ago. SUSE has changed hands between Attachmate, Micro Focus and EQT Partners over the past decade and was listed on the Frankfurt Stock Exchange in 2021, when SUSE issued a press release announcing that it would be privatized by its largest shareholder, Marcel.

As SUSE's largest shareholder, Marcel LUX III SARL (Marcel) is planning to privatize SUSE and attempt to delist it from the Frankfurt Stock Exchange.

SUSE will merge with an unlisted Luxembourg entity. Marcel currently owns 79% of SUSE. Existing SUSE shareholders who do not want to sell their shares in the company can continue to invest in SUSE as a private entity.

In the process of taking SUSE private, EQT Private Equity / Marcel offered a price of around € 16 per share (CTOnews.com note: currently around RMB 127), which is about 67% higher than today's SUSE share price.

SUSE's management committee and supervisory board supported the company's delisting, saying it would allow SUSE to focus fully on its operational priorities and execution of its long-term strategy. To this end, SUSE entered into a Transaction Framework Agreement (TFA) with Marcel to facilitate the transaction, including the payment of interim dividends. The interim dividend will be paid to all shareholders prior to settlement of the offer and will enable Marcel to fund its purchase of SUSE shares under the offer and certain transaction costs incurred.

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