(1888PressRelease)
July 23, 2009 - Beverage Plus AG (Zurich, Switzerland with a USA headquarters in Las Vegas, NV; WKN: AØNJNV) received confirmation of acceptance of its unsolicited friendly take-over offer to the Las Vegas, Nevada, management of FCBBI AG. This relates to the acquisition of 100 percent of the issued and outstanding shares of First Choice Business Brokers, Inc (FCBBI AG) publicly traded parent holding company based in Zurich and trading under the symbol 3FC / WKN: A0M1MY on the Frankfurt Stock Exchange.
The offer involves an acquisition of all FCBBI AG shares (15,000,000 trading in light activity in the range of Fifty Cent Euros or about 69 U.S. cents per share) in a share exchange valued at Euros 275,000 using a stock swap involving exchange with shares of Beverage Plus, a company which has most recently and consistently traded in private transactions the amount of USD 1.00 per share over the past 120 days in average trading volume. FCBBI AG management has accepted the take-over offer conditioned on conforming legal documents acceptable to the management. Beverage Plus anticipates filing an application on the Entry Standard of the Frankfurt Stock Exchange within the next ninety days.
No objection by any Swiss or German securities regulator is anticipated. Both Companies currently have PriceWaterhouseCoopers, AG, Zurich, Switzerland, as their statutory required auditing firm. The Companies have not yet received an accounting or merger opinion letter as to this transaction from its auditor.
It is also proposed that, prior to any capital changes, FCBBI AG would distribute back to its existing shareholders all shares of its operating USA subsidiary First Choice Business Brokers, Inc. – a company made up of over 20 franchised businesses throughout the United States. First Choice has the Nevada’s largest business brokerage franchised company. It is not yet clear whether the UK Subsidiary First Choice Ltd. would be transferred to Beverage Plus.
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