Petrus Advisers Comments on SNP Schneider-Neureither & Partner SE Appraisal Proceedings
Petrus Advisers and Petrus Legal Strategies (collectively, 'Petrus') have issued a statement in response to recent press coverage regarding the valuation of shares in SNP Schneider-Neureither & Partner SE. The firm notes that some reports suggest an expected court valuation of at least EUR 140 per share based on KPMG's Financial Factbook and feels compelled to address this due to its prominence. Petrus is currently pursuing two applications under U.S. law (28 U.S.C. § 1782) in Delaware, seeking documents from Cognizant Technology Solutions Corp. and The Carlyle Group Inc., which are relevant for ongoing German proceedings involving SNP. Petrus clarifies that it does not consider either company as an adversary but rather as holders of important documentation. The filings made by Petrus are public records, and the firm has no intention to retract them.