FPA – Takeover Approach Received From HaierFisher & Paykel...

FPA – Takeover Approach Received From Haier
Fisher & Paykel Appliances Holdings Limited (“Fisher & Paykel Appliances” or “the company”) advises
that it has been approached by Haier, a 20% shareholder in the company, expressing an interest in
making a takeover offer for the company. In its expression of interest, the potential cash offer price
indicated by Haier (which would be subject to conditions) would represent a premium to Fisher &
Paykel Appliances' current share price, if an offer were to be made.
No takeover offer has been received by Fisher & Paykel Appliances.
If a takeover offer is received by the company, the board of directors of Fisher & Paykel Appliances
excluding the two directors associated with Haier (the “Independent Board”) recommends that
shareholders take no action until full details of the Independent Board’s assessment of the offer,
including the directors’ recommendation together with an independent adviser’s report, has been
provided to shareholders.
Fisher & Paykel Appliances’ advises that Haier requested to undertake limited commercial and
financial due diligence to assist it to develop its expression of interest into a complete proposal