Meyer Burger published the final result at the end of the additional acceptance period. Total participation in the share capital of Roth & Rau AG of 81.89%
– Successful public takeover of Roth & Rau AG
– Meyer Burger acquired 81.89% of the share capital of Roth & Rau AG since publication of the tender offer
Meyer Burger Technology Ltd [Ticker: MBTN] published today that within the additional acceptance period the voluntary public tender offer of Meyer Burger to the shareholders of Roth & Rau AG at an offer price of EUR 22 per share, which ended on 22 June 2011, 12:00 p.m., was accepted for a total of 6,217,387 shares. This corresponds to 38.36% of the share capital and voting rights of Roth & Rau AG.
Together with the shares, which were tendered within the acceptance period (14.59%) and the participation of 17.79% (including 3.94% under the condition precedent of the clearance by the antitrust authority of China; a condition that can be waived by Meyer Burger), which was already held at the end of the acceptance period, as well as further shares, which were acquired outside of the tender offer, the total participation of Meyer Burger Technology Ltd in the share capital and voting rights of Roth & Rau AG currently amounts to 81.89%.
The German Federal Cartel Office (Bundeskartellamt) already gave its antitrust clearance for the takeover and the associated merging of the two companies in May 2011; the clearance by the antitrust authorities in China is currently outstanding. After approval by the Chinese antitrust authorities, the settlement of the public tender offer and the payment of the offer price in accordance with Sec. 11.4 of the offer document will be effected.
“We are pleased that the majority of the shareholders of Roth & Rau AG have accepted our tender offer. With a participation of almost 82%, we have reached our objective. We are very satisfied with this excellent result. We will initiate a consolidation and integration process as soon as the approval by the Chinese antitrust authorities is received”, said Peter Pauli, Chief Executive Officer of Meyer Burger Technology Ltd.
