Celanese Deutschland Holding GmbH
Celanese AG:Squeeze-out – Majority shareholder announces it will propose increasing the cash compensation payment to 66.99 euro
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Before the beginning of the Celanese AG ordinary annual general meeting on
May 30, which will be continued if necessary on May 31, 2006, the majority
shareholder announced to the company’s management board that it intends to
make a motion that the annual general meeting approve the transfer of
minority shareholder shares to the majority shareholder (a squeeze-out) in
exchange for a cash compensation payment in accordance with § 327a of the
German Stock Corporation Act (AktG) that amounts to 66.99 euros per share.
This proposal is in response to the increase in the Celanese AG share price
since the majority shareholder published the setting of the cash
compensation at 62.22 euros per share on March 10, 2006. German courts
require that the cash compensation reflect the company’s share price.
Celanese AG
The Board of Management
(c)DGAP 30.05.2006
—————————————————————————
Language: English
Issuer: Celanese AG
Frankfurter Str. 111
61476 Kronberg im Taunus Deutschland
Phone: +49 (0)69 305 16000
Fax: +49 (0)69 305 16006
email: M.Kraft@celanese.com
WWW: www.celanese.com
ISIN: DE0005753008
WKN: 575300
indices:
Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr
in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
—————————————————————————
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found