Petrus responds to SNP coverage citing EUR 140 appraisal expectation and Delaware proceedings

  • Petrus addressed recent reporting about SNP and related Delaware evidence proceedings.
  • EUR 140 is the minimum share value cited in the reported court expectation.
  • Petrus said Cognizant and Carlyle hold relevant documents for German proceedings.

Petrus has responded to recent press and analyst coverage of SNP, particularly reporting that a court could value SNP shares at no less than EUR 140 in appraisal proceedings based on the KPMG Financial Factbook. The group said the volume of coverage prompted its statement. In Delaware, Petrus is pursuing two evidence-assistance proceedings under 28 U.S.C. § 1782 for documents held by Cognizant Technology Solutions Corp. and The Carlyle Group Inc. for use in various proceedings in Germany. Petrus said neither company is an opponent, describing both as holders of relevant documents. The filings are public, and Petrus said it does not distance itself from them.

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