ALTANA: Management Board and Supervisory Board recommend acceptance of SKion's new, improved offer
On November 9, 2009, SKion made a new, improved offer to the shareholders of ALTANA AG. According to this offer, SKion offers the shareholders to acquire their shares for a purchase price of €14.00 per share within an acceptance period which is scheduled to end on December 14, 2009. SKion GmbH currently holds approximately 91.7% of the shares in ALTANA AG. Mrs Susanne Klatten is the sole shareholder of SKion GmbH. She is also Deputy Chairwoman of the Supervisory Board of ALTANA AG.
SKion GmbH had already made a voluntary public offer to the free-float shareholders of ALTANA AG to acquire their shares at a purchase price of €13.00 per share in November 2008. On the basis of this offer and by means of further acquisitions SKion GmbH has increased its shareholding in ALTANA AG to its present amount.
ALTANA's shareholders will now have to decide whether to accept the new, improved offer by the deadline of December 14.
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