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M2 Capital Sets the Record Straight On CeWe Color.

Publication: Business Wire
Publication Date: 09-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 Capital Increases Shareholding in CeWe Color M2 Capital Representative Resigns from Supervisory Board of CeWe Color

NEW YORK -- M2 Capital Management, L.P.("M2") today published the following response to the various press releases, shareholder circulars and media comments issued by CeWe Color Holding AG ("CeWe" or the "Company") regarding M2 Special Opportunities Master, L.P.'s call for an Extraordinary General Meeting ("EGM") of CeWe shareholders. M2 also today announced that accounts managed or advised by M2 now own 10.29% of CeWe's issued share capital and that, following recent events, M2 representative Mr. Sebastian Freitag resigned from the CeWe Supervisory Board yesterday.

CeWe's deliberately misleading statements have claimed that M2 has requisitioned an EGM in order to seek the payment of a one-off dividend of [euro] 37-120 million. Furthermore, the Company has said that such a payment is not possible with the Company's current capital structure and would result in redundancies and closures. Let's look at the facts:

1) Extraordinary General Meeting

M2...

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