Kontron AG Urges Shareholders to Reject Ennoconn Takeover Offer

The Executive Board and Supervisory Board of Kontron AG advise shareholders not to accept the mandatory takeover offer by Ennoconn Corporation. According to the joint statement, the offer price of EUR 23.50 per share is financially inadequate and significantly below recent analyst targets averaging EUR 30.29.

Despite acknowledging potential benefits like reduced free float and increased voting rights for Ennoconn, the boards highlight that the price does not reflect Kontron's value. The fairness opinion from Ernst & Young also supports this view. Shareholders must assess their personal circumstances and the future development of Kontron before making a decision.

The acceptance period for the offer ends on July 27, 2026. Completion is subject to various regulatory approvals, potentially delaying or preventing the offer.