Swiss Takeover Board
Jelmoli Holding AG
The Swiss Takeover Board has acknowledged that Swiss Prime Site meets the Best Price Rule by acquiring options which refere to shares of Jelmoli in a squeeze out or otherwise to a certain price in exchange for shares of Swiss Prime Site or for cash payment.
12.03.2009
Cham Paper Group Holding AG
The Swiss Takeover Board has determined that the public offer of BURU Holding AG to the shareholders of Cham Paper Group Inc meets the legal requirements.
20.11.2009
BioXell S.p.A.
On 18 November 2009, Cosmo Pharmaceuticals S.p.A., Milan, Italy, published the preannouncement of a public tender offer for all publicly held registered shares of BioXell S.p.A., Milan, Italy. BioXell S.p.A. is an Italian company listed on the SIX Swiss Exchange.
In its preannouncement, Cosmo Pharmaceuticals S.p.A. states that the Swiss provisions regarding public tender offers are not applicable. However, it declares that it will voluntarily submit to the material provisions of this law.
The Swiss Takeover Board confirms that, according to Art. 22 of the Federal Act on Stock Exchanges and Securities Trading (SESTA), the offer of Cosmo Pharmaceuticals S.p.A. is not to be submitted to the Swiss rules in substance. Therefore, it will not verify the conformity of this offer to the Swiss rules and will not issue a decision regarding this matter.
18.11.2009
Thurella AG
The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding Thurella AG for Zürcher Kantonalbank, Thurgauer Kantonalbank, Reichmuth & Co., NERBAG, Mr. Markus Eberle and Baryon AG.
16.11.2009
Implenia AG
16 November 2009 - The Swiss Takeover Board has granted an exemption for Credit Suisse from the duty to make an offer to the shareholders of Implenia AG. Furthermore the Swiss Takeover Board stated that Credit Suisse is not forming a group with the Laxey-Group or with the purchasers of the Implenia-stake. The Swiss Takeover Board also has acknowledged the absence of a duty to make an offer for the purchasers, if none of them exceeds the threshold of 33 1/3% of the voting rights of Implenia AG.
The Swiss Takeover Board (TOB) is a Federal Commission established under the Federal Act on Stock Exchanges and Securities Trading of March 24, 1995. It has jurisdiction to issue general rules and ensure compliance with the provisions applicable to public takeover offers.
This web site is designed to inform the public about the Board's practice and rulemaking activity. To extend the range of usual consultation procedures, proposed rules and regulations will be released before adoption.
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