2024-02-21
http://w3.windfair.net/wind-energy/news/46065-elantas-von-roll-squeeze-out-law-share-closing-chemicals-altana-court

News Release from Von Roll Schweiz AG

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AL­TANA AG an­nounces com­ple­tion of the ten­der of­fer and ini­ti­ates squeeze-out pro­ce­dure un­der takeover law

ELANTAS, a subsidiary of the specialty chemicals group ALTANA AG, yesterday completed the public tender offer for all publicly held shares of Von Roll Holding AG (SIX: ROL) through the second closing.

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ELANTAS, a subsidiary of the specialty chemicals group ALTANA AG, yesterday completed the public tender offer for all publicly held shares of Von Roll Holding AG (SIX: ROL) through the second closing.

ELANTAS will file a legal action with the appropriate court seeking a declaration of invalidity for Von Roll shares still held by the public, thereby initiating the squeeze-out procedure as per takeover law under Art. 137 FMIA. Once a final judgment on the invalidation of the Von Roll shares held by the public is issued, the offer price will be disbursed to shareholders in cash as compensation for the invalidated shares. Furthermore, Von Roll will submit an application to SIX Swiss Exchange AG for the delisting of Von Roll shares to implement the delisting resolution passed at the Von Roll Annual General Meeting on September 13, 2023. The delisting is scheduled to occur subsequent to a legally effective decision to cancel the Von Roll shares. Additionally, Von Roll will seek exemption from various disclosure obligations through an application to the competent authority of SIX Swiss Exchange AG.

All documents relating to the transaction are available under this link.

Source:
Von Roll
Author:
Press Office
Link:
www.vonroll.com/...
Keywords:
ELANTAS; Von Roll, squeeze out, law, share, closing, chemicals, Altana, court



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