At the same time, RAG intends to make a voluntary public offer to all other Degussa shareholders via its subsidiary RPG to acquire their shares at a price of €42 per share. Once the public offer has been completed, RAG intends to launch a squeeze-out of minority shareholders in Degussa.
RAG Plans a Complete Takeover of Degussa
February 8, 2006
ESSEN, Germany - RAG Aktiengesellschaft, which holds a 50.1-percent interest in Degussa AG through its wholly owned subsidiary RAG Projektgesellschaft mbH (RPG), intends to acquire all remaining shares in Degussa. RAG and E.ON AG have apparently agreed on the divestment of the 42.86 percent of Degussa's capital stock held by E.ON to RPG effective July 1, 2006.