Squeeze-Out Procedure of ALTANA AG: AGM Resolution Filed for Entry in Commercial Register
August 26, 2010
WESEL, Germany – On June 30, 2010, the Annual General Meeting of ALTANA AG adopted a resolution to transfer the remaining shares to the majority shareholder SKion GmbH in return for a cash compensation of EUR 15.01 per share. Because there are presently no appeals against the resolutions of the AGM, ALTANA AG has filed to enter the transfer resolution in the Commercial Register in Duisburg, Germany. Once the transfer resolution has been entered, all shares of the minority shareholders will be transferred to SKion GmbH by act of law in return for the cash compensation. In addition, stock exchange trading with ALTANA shares will cease as a consequence of the transfer.