Altana AG
Altana AG: Squeeze-out procedure of ALTANA AG: Squeeze-out resolution entered in the Commercial Register
Altana AG / Squeeze Out 27.08.2010 11:19 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Wesel, August 27, 2010 - The resolution adopted by the Annual General Meeting of ALTANA AG (security code number 760080, ISIN DE0007600801) on June 30, 2010, regarding the transfer of shares from ALTANA AG's minority shareholders to the company's majority shareholder SKion GmbH pursuant to sections 327a ff. of the German Stock Corporation Act (AktG) has been entered in the Commercial Register of the company on August 27, 2010. With the entry of the transfer resolution in the Commercial Register, all the shares held by the minority shareholders have been transferred to SKion GmbH by act of law in return for a cash compensation of EUR15.01 per share. Consequently, the stock exchange listing of the ALTANA shares is expected to be discontinued soon. Any stock market trading which takes place until then will only be trading of the minority shareholders' entitlements to cash compensation. With the registration of the transfer resolution in the Commercial Register, the former shareholders of ALTANA who had accepted the voluntary public purchase offer of November 6, 2009, are entitled to payment of an improvement amount as stated in the offer documents. All details concerning the payment of the fixed cash compensation as well as of the improvement amount will be published separately by SKion GmbH. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: This ad hoc announcement is also available on www.altana.com/press This announcement contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made. About ALTANA: ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine 'global player' with 84% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service. ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments. At present, the ALTANA Group has 35 production facilities and 47 service and research laboratories worldwide. Throughout the group 4,800 people work to ensure the success of ALTANA worldwide. In 2009 ALTANA achieved sales of about 1.2 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide. Sven Kremser Head of External and Internal Relations ALTANA AG Abelstrasse 43 46483 Wesel Germany Tel +49 281 670-746 Fax +49 281 670-9746 mailto:Sven.Kremser@altana.com www.altana.com 27.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Altana AG Abelstraße 43 46483 Wesel Deutschland Phone: +49 (0)281 670-2499 Fax: +49 (0)281 670-1114 E-mail: ir@altana.com Internet: www.altana.de ISIN: DE0007600801 WKN: 760080 Listed: Regulierter Markt in Frankfurt (Prime Standard), Berlin, Düsseldorf; Freiverkehr in Hannover, Stuttgart, Hamburg, München; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------
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