General principles

(1) Holders of securities of the target company belonging to the same class must be treated equally.
(2) Holders of securities of the target company must have sufficient time and adequate information to be able to decide on the offer in full knowledge of the facts.
(3) The management board and the supervisory board of the target company must act in the interest of the target company.
(4) The offeror and the target company must carry out the procedure promptly. The target company may not be hindered in its business activity beyond a reasonable period.
(5) In dealing in securities of the target company, the offeror company, or other companies affected by the offer, no market distortions may be created.