Reference is made to the press release of Tianjin Xinmao S&T Investment Corp. Ltd. ("Xinmao") and the subsequent press release of Draka Holding N.V. ("Draka") both dated 22 November 2010.
After an initial assessment of Xinmao's announced intention to launch a public offer for Draka of EUR 20.50 in cash per outstanding ordinary share and the validity of such proposed offer, the Board of Management and the Supervisory Board of Draka (the "Boards") hereby confirm to accept the invitation of Xinmao to enter into discussions. In such discussions, the Boards will explore the rationale, merits and risks for all Draka's stakeholders (including its shareholders) of a possible business combination of Draka with Xinmao. The Boards are allowing Xinmao to conduct certain due diligence investigations.

Draka will keep its shareholders and all other stakeholders informed of all significant developments, and will issue additional statements if and when appropriate.

This is an announcement in accordance with Section 5:25i paragraph 2 of the Dutch Financial Supervision Act (Wet op het financieel toezicht).

reactie XEA.nl
In een interview met Bloomberg zei de CEO van Prysmian ook, als het deal met Draka niet door gaat, kunnen wij ook op eigen kracht verder.
Dat gaf twijfel aan over het welslagen van hun eigen bod op Draka.