RHI AG

EANS-News: RHI AG
Didier-Werke AG: Execution of squeeze-out expected in the short term
cash compensation raised to EUR 94.50 in a compromise settlement

--------------------------------------------------------------------------------
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
-------------------------------------------------------------------------------- 

Mergers - Acquisitions - Takeovers

Wien (euro adhoc) - The legal proceedings against a resolution adopted at the Annual General Meeting of Didier-Werke Aktiengesellschaft on 29 August 2008 regarding the transfer of the shares of the minority shareholders of the company to RHI AG, Vienna, Austria, as the main shareholder, in return for adequate cash compensation (so-called squeeze-out) were concluded today. All plaintiffs have withdrawn their action for rescission or annulment against the squeeze-out resolution. The proceedings were terminated within a court settlement, in which an increase in the cash compensation set out by the squeeze-out resolution by EUR 3.39, from EUR 91.11 to EUR 94.50 per non-par bearer share of the company was agreed at the same time.

The registration of the squeeze-out in the commercial register of Didier-Werke Aktiengesellschaft is expected in the short term. With the registration, the shares of the minority shareholders are transferred by law to RHI AG, which will then be the sole shareholder of Didier-Werke Aktiengesellschaft.

Following the squeeze-out, the stock market listing of the shares of Didier-Werke Aktiengesellschaft should also be terminated in the short term. Stock exchange dealings taking place after the squeeze-out are only trading in cash compensation claims of the minority shareholders.

end of announcement                               euro adhoc
-------------------------------------------------------------------------------- 

Further inquiry note:

RHI AG
Investor Relations
Mag. Barbara Potisk-Eibensteiner
Tel: +43-1-50213-6123
Email: barbara.potisk@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime, ATX
Börsen: Wien / official market

Original-Content von: RHI AG, übermittelt durch news aktuell

Weitere Meldungen: RHI AG

Das könnte Sie auch interessieren: