Petrus Advisers and SNP Schneider-Neureither & Partner Address Media Coverage
Petrus Advisers & Petrus Legal Strategies ("Petrus") has responded to recent media coverage regarding its legal actions involving SNP Schneider-Neureither & Partner SE. The firm notes the expectation that a court might value SNP shares at no less than €140, based on KPMG's Financial Factbook. In response, Petrus is pursuing two discovery requests in Delaware under 28 U.S.C. § 1782 to obtain documents from Cognizant Technology Solutions Corp and The Carlyle Group Inc., which will be used in ongoing legal proceedings in Germany. Petrus emphasizes that neither company is considered an adverse party, as they hold relevant documentation for the German cases. All filings are public record, and Petrus has not retracted any of them. This development comes amid heightened scrutiny over SNP's valuation expectations.
Topics: 28 U.S.C. §1782 document_discovery lawsuit