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  "documentTitle": "Stroer SE & Co. KGaA (SAX)",
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  "presentationDate": "2016-04-21 00:00:00",
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  "notes": "The slide uses data to imply potential illicit or coordinated activity between insiders and a Liechtenstein-based foundation.",
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      "text": "Because of the timing of Sambara Stiftung’s complete disposal of its Ströer shares—the same day the Müller/Rumplehardt sale and large stock sales by Dirk Ströer’s Ströer (now Delphi) Beteiligungsgesellschaft, and Udo Müller and",
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      "text": "...and Sambara Stiftung acquires 2.8 million shares the same day",
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      "text": "We are encouraged by these developments. Because of the timing of Sambara Stiftung's complete disposal of its Ströer shares—the same day of the Müller/Rumplehardt sale...",
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      "text": "Liechtenstein stiftungen have a checkered history. The tiny principality's financial regulations and lack of transparency led many wealthy foreigners to establish foundations there to avoid taxes...",
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      "text": "On 3 June 2013, Sambara Stiftung, Liechtenstein, notified us pursuant to Sec. 21 (1) WpHG that its share of the voting rights of Ströer Media AG... had exceeded the thresholds of 3% and 5%...",
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      "text": "Footnotes 98, 99, 100 regarding tax evasion and transparency.",
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      "kind": "source-note",
      "text": "Source: www.godmode-trader.de/aktien/stroeer-kurs,4800121",
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      "text": "Source: Ströer Media 2013 Annual Report",
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