SKion Exceeds Threshold of 95% of the Altana Shares
The SKion GmbH has informed Altana, Wesel, Germany, that it is holding 129,342,421 shares, i.e. 95,04% of the Altana Shares. At the same time, SKion is requesting Altana AG to convene a shareholders meeting pursuant to § 327a Section 1 of the German Stock Corporation Act (AktG). In this Shareholders Meeting a resolution on the transfer of the shares held by the remaining shareholders to SKion GmbH in return for an appropriate cash compensation shall be passed (so called “Squeeze out”).
Already on November 9, 2009 SKion had made another revised improved voluntary public offer to the shareholders of Altana AG offering them to acquire their shares in Altana AG at a purchase price of EUR 14,- per share being valid until expiration of the acceptance period ending on December 14, 2009. On the basis of this voluntary offer and by means of further acquisitions of shares, SKion GmbH had been able to continuously increase its shareholding in Altana AG to the current percentage of ownership. Susanne Klatten is the sole shareholder of SKion GmbH. She is also acting as Vice Chairwoman in the Supervisory Board of Altana AG.
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