News

22 August 2013
News

FINMA Takeover Committee dismisses the appeal against TOB decision 540/01 regarding "Schmolz + Bickenbach AG"

Within the framework of the current tender offer of Venetos Holding AG for all outstanding registered shares of Schmolz + Bickenbach AG, the Swiss Takeover Board (TOB) has determined, in its decision 540/01 dated 25 July 2013, that the public tender offer of Venetos meets the legal requirements provided some amendments and adjustments to the offer prospectus are made. The qualified shareholder Gebuka Ltd challenged the decision 540/01.

On 22 August 2013, the FINMA Takeover Committee dismissed the appeal of Gebuka AG and confirmed the TOB decision 540/1 dated 25 July 2013.