Takeover Board

News

31.01.2012

Uster Technologies AG

The Swiss Takeover Board has extended the period to publish the offer prospectus of Toyota Industries Corporation to the shareholders of Uster Technologies AG until 29 February 2012.

24.01.2012

IFBC AG

The Swiss Takeover Board has ascertained that IFBC AG is in the sense of art. 30 par. 6 TOO suitably qualified to prepare fairness opinions through public takeover offers.

22.12.2011

Quadrant AG

FINMA Takeover Committee dismisses the appeal of Sarasin Investmentfonds SA against TOB decision 410/04 regarding "Quadrant AG".

19.12.2011

Uster Technologies AG

The Swiss Takeover Board has extended the period to publish the offer prospectus of Toyota Industries Corporation to the shareholders of Uster Technologies AG until 31 January 2012.

15.12.2011

Newave Energy Holding SA

The Swiss Takeover Board has ascertained the compliance of the public offer of ABB Schweiz AG to the shareholders of Newave Energy Holding SA with the legal requirements.

07.12.2011

Re-election of Swiss Takeover Board members

At its recent meeting, the Board of Directors of FINMA elected the members of the Swiss Takeover Board for the next term of office. It confirmed the re-election of the TOB president, Luc Thévenoz, and six other TOB members. By reason of the statutory term limit, the TOB's Vice-Chairman, Walter Knabenhans, and Thierry de Marignac will leave the Board. From 1 January 2012 Lionel M. Aeschlimann and Thomas A. Müller will be new members of the TOB. Raymund Breu has been appointed as new vice-chairman.

The TOB will consist of the following members for the new term of office (2012 - 2015):

• Luc Thévenoz, Chairman
• Raymund Breu, Vice-Chairman
• Lionel M. Aeschlimann
• Susan Emmenegger
• Susanne Haury von Siebenthal
• Regina Kiener
• Thomas A. Müller
• Henry Peter
• Thomas Rufer

05.12.2011

GAM Holding AG

The Takeover Board has allowed GAM Holding Ltd. to transfer to the separate trading line a maximum of 4,000,000 own registered shares which were bought on the regular trading line, this volume being deducted from the volume of the repurchase program published on 9 May 2011 (41'326'151 registered shares).

01.12.2011

Art & Fragrance SA

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding Art & Fragrance SA for Silvio Denz.

01.12.2011

Logitech International SA

The Swiss Takeover Board has exempted the modification of the public buyback program of Logitech International SA from the provisions governing public takeover offers via a decision.

28.11.2011

Bank Sarasin & Cie AG

28 November 2011: According to the media release of 25 November 2011, issued by Rabobank, Safra Group and Bank Sarasin & Cie AG, Safra Group committed to the purchase of 68% of the voting rights of Bank Sarasin & Cie AG from Rabobank. The closing of the transaction is subject to approval and clearance by the competent authorities in Switzerland and abroad. The media release also informs that, “in accordance with Swiss law, the closing of the transaction will give rise to a duty to make a mandatory public offer to minority shareholders”. In this context, several questions were asked of the Takeover Board. Therefore, the Takeover Board would like to point out the following: 1) It is only with the closing of the transaction (not the conclusion of the contract) that Safra Group will acquire more than 33 1/3% of the voting rights of Bank Sarasin & Cie AG and will therefore be obliged to launch an offer. This offer must be launched no later than two months after the closing of the transaction. 2) The calculation of the minimum price will take place at the moment of the publication of the mandatory offer, or at the moment of a possible pre-announcement. The minimum price must be at least the volume-weighted average price of all on-exchange transactions executed during the sixty trading days (VWAP) prior to publication of the offer or the pre- announcement and shall not be lower than 25 percent of the highest price paid by the offeror for equity securities of the offeree company in the preceding twelve months.

16.11.2011

Quadrant AG

The Swiss Takeover Board has ascertained that Swiss Capital Alternative Investments AG (together with Swiss Capital Corporate Finance AG), Kepler Capital Markets SA und Mazars Coresa SA are independent and qualified to prepare the additional audit operations in accordance with the decision B-5272/2009 of the Supreme Administrative Court from 30th november 2010. Aquamit B.V. was given a deadline to mandate a reviewing entity.

21.10.2011

Absolute Private Equity AG

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding Absolute Private Equity AG for HarbourVest Acquisition GmbH and Luxinva S.A.

06.10.2011

LEM Holding SA

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding LEM Holding SA for Werner O. Weber and Ulrich Wampfler.

05.10.2011

Swiss Capital Corporate Finance AG

The Swiss Takeover Board has ascertained that Swiss Capital Corporate Finance AG is in the sense of art. 30 par. 6 TOO suitably qualified to prepare fairness opinions through public takeover offers.

03.10.2011

BKW FMB Energie AG

The Swiss Takeover Board has ascertained the compliance of the public offer of BKW AG to the shareholders of BKW FMB Energie AG with the legal requirements. In three other decisions published today and concerning this public offer, the Swiss Takeover Board has granted exceptions and ruled several applications for assessment.

03.10.2011

BKW FMB Energie AG - 474 / 03 - Verfügung vom 21. April 2011

03.10.2011

BKW FMB Energie AG - 474 / 02 - Verfügung vom 14. April 2011

03.10.2011

BKW FMB Energie AG - 0474 / 01 - Verfügung vom 11. April 2011

23.09.2011

Escor Casinos & Entertainment AG

The Swiss Takeover Board has ascertained the compliance of the public offer of Highlight Communications AG to the shareholders of Escor Casinos & Entertainment AG with the legal requirements.

17.08.2011

Absolute Private Equity AG

The Swiss Takeover Board prolonges the cooling-off period of the partial public offer of ACP Acquisition GmbH to the shareholders of Absolute Private Equity AG until 20th September 2011. ACP Acquisition GmbH has the right to withdraw his partial public offer until 20th September 2011 if the offer of HarbourVest Acquistion GmbH to the shareholders of Absolute Private Equity AG has been implemented.

11.08.2011

Quadrant AG

FINMA Takeover Committee found the appeal against TOB decision 410/03 regarding "Quadrant AG" groundless in sofar as admissible.

03.08.2011

Absolute Private Equity AG

The Swiss Takeover Board has ascertained that the partial public offer of ACP Acquisition GmbH to the shareholders of Absolute Private Equity Ltd is not a competing offer to the offer of HarbourVest Acquistion GmbH. Furthermore it has been acertained that the offer of ACP Acquisition GmbH meets the legal requirements if the supplement of the offer prospectus is published until 5th August 2011. HarbourVest Acquisition GmbH has to publish a supplement of the offer prospectus until 5th August 2011 with the announcement of the extention of the offer period until 10th August 2011.

26.07.2011

Absolute Private Equity AG

The Swiss Takeover Board prolonges the offer period of the public offer of HarbourVest Acquisition GmbH to the shareholders of Absolute Private Equity AG for the time being until 3rd august 2011.

15.07.2011

Absolute Private Equity AG

The Swiss Takeover Board has ascertained that the increase in the offer price and the Break Fee by the offeror of 14th July 2011 in the public takeover offer of HarbourVest Acquisition GmbH to the shareholders of Absolute Private Equity Ltd meets the legal requirements. Moreover, the Swiss Takeover Board requires a supplement of the report of the Board of Directors.

06.07.2011

Quadrant AG

The Swiss Takeover Board has ascertained that Skandinaviska Enskilda Banken AB Frankfurt Branch is qualified and independent to prepare the additional audit operations in accordance with the decision B-5272/2009 of the Supreme Administrative Court from 30th november 2010.

04.07.2011

Leonardo & Co. AG

The Swiss Takeover Board has ascertained that Leonardo & Co. AG is in the sense of art. 30 par. 6 TOO suitably qualified to prepare fairness opinions through public takeover offers.

17.06.2011

shaPE Capital AG

The Swiss Takeover Board has exempted the public buyback program of shaPE Capital AG from the provisions governing public takeover offers via a decision.

07.06.2011

Absolute Private Equity AG

The Swiss Takeover Board has ascertained the compliance of the public offer of HarbourVest Acquisition GmbH to the shareholders of Absolute Private Equity Ltd with the legal requirements.

01.06.2011

Activity report 2010

The Swiss Takeover Board has published today its activity report 2010

31.05.2011

Edipresse SA

The Swiss Takeover Board has ascertained the compliance of the public offer of Lamunière SA to the shareholders of Edipresse SA with the legal requirements.

20.05.2011

Genolier Swiss Medical Network SA

Following the decision of the FINMA of 6th April 2011, the Swiss Takeover Board has ascertained the compliance of the amendment to the offer prospectus of M.R.S.I. Medical Research, Services & Investments S.A. and of the amendment to the report of the board of directors of Genolier Swiss Medical Network SA (the Fairness Opinion and the statement of BDO AG inclusive) with the legal requirements. The offer period will stay open for 10 trading days following the publication of these documents.

20.04.2011

Schulthess Group AG

The Swiss Takeover Board has ascertained the compliance of the mixed public offer of NIBE Industrier AB to the shareholders of Schulthess Group AG with the legal requirements.

20.04.2011

GAM Holding AG

The Swiss Takeover Board has exempted the public buyback program of GAM Holding AG from the provisions governing public takeover offers via a decision.

07.04.2011

Genolier Swiss Medical Network SA

With its decision on 6 April 2011, the FINMA Takeover Committee partly accepted the appeals made by two qualified shareholders, Michael Schroeder and Alain Fabarez, against the Swiss Takeover Board decision 468/03 of 10 March 2011. As a result, Genolier Swiss Medical Network Ltd is to engage an independent third party to provide a fairness opinion on the takeover bid made by M.R.S.I. Medical Research Services & Investments Ltd.

31.03.2011

Schweizerische Rückversicherungs-Gesellschaft AG

The Swiss Takeover Board has ascertained the compliance of the public offer of Swiss Re AG to the shareholders of Schweizerische Rückversicherungs-Gesellschaft AG with the legal requirements.

25.03.2011

Genolier Swiss Medical Network SA

The Swiss Takeover Board prolonged the acceptance period of the public offer of M.R.S.I. Medical Research, Services & Investments S.A.to the shareholders of Genolier Swiss Medical Network SA until a later decision.

11.03.2011

Genolier Swiss Medical Network SA

The Swiss Takeover Board obliges the offeror under the appeal proceeding to publish an adjusted evaluation report of the review body. For the rest the decision 468/01 is confirmed.

25.02.2011

Genolier Swiss Medical Network SA

The Swiss Takeover Board prolonges the cooling-off period of the public offer of M.R.S.I. Medical Research, Services & Investments S.A.to the shareholders of Genolier Swiss Medical Network SA until 11th March 2011.

24.02.2011

Feintool International Holding AG

The Swiss Takeover Board states that the Report of the board of directors of the offeree company of Feintool International Holding AG to the public offer of Artemis Beteiligungen III AG meets the legal requirements, except the indications related to the shareholders, which was demanded an extention. The Swiss Takeover Board refused incidentally the application of the rule "put up or shut up" of art. 53 TOO based on the public declarations of Fritz Bösch.

17.02.2011

Schweizerische Rückversicherungs-Gesellschaft AG

The Takeover Board has declared that some aspects of the intended public exchange offer of Swiss Re AG to the shareholders of Schweizerische Rückversicherungs-Gesellschaft with the purpose to establish a holding company structure meet the legal requirements.

11.02.2011

Genolier Swiss Medical Network SA

The Swiss Takeover Board has determined that the public offer of M.R.S.I. Medical Research, Services & Investments S.A. to the shareholders of Genolier Swiss Medical Network SA meets the legal requirements.

31.01.2011

Feintool International Holding AG

The Swiss Takeover Board has determined that the public offer of Artemis Beteiligungen III AG to the shareholders of Feintool International Holding AG meets the legal requirements.

26.01.2011

Hearing on the control premium in takeover legislation

The Swiss Takeover Board is proposing to abolish the so-called control premium in the case of company takeovers. The State Secretariat for International Financial Matters (SIF) will examine whether this matter should be incorporated into the revision of the Stock Exchange Act currently under way.

19.01.2011

Datacolor AG

The Swiss Takeover Board has determined that the public offer of Werner Dubach to the shareholders of Datacolor AG meets the legal requirements.

22.12.2010

Winterthur Technologie AG

The Swiss Takeover Board has determined that the public offer of 3M (Schweiz) AG to the shareholders of Winterthur Technologie AG meets the legal requirements.

09.12.2010

Offene Stelle für Student / Studentin (20-40%)

Zur Ergänzung unseres Teams suchen wir per Mitte Februar 2011 eine/n Studentin / Studenten (20-40%)

03.12.2010

Basilea Pharmaceutica AG

The Takeover Board has declared that Basilea Pharmaceutica AG's offer to its employees to change their stock option agreements is not a public takeover offer.

17.11.2010

Transocean Ltd.

The Takeover Board has declared that neither a possible repurchase of Transocean Inc.‘s convertible notes at the option of the holders nor a redemption of such notes at the option of Transocean Inc.'s, both under terms and conditions applicable to the convertible notes, is a public repurchase offer. It was furthermore declared what calculation basis can be used in case of a submission by Transocean Inc. of a public repurchase offer to calculate the thresholds pursuant the Takeover Board Circular No. 1 regarding buyback programs.

10.11.2010

Actelion Ltd

The Swiss Takeover Board has exempted the public buyback program of Actelion Ltd, Allschwil, from the provisions governing public takeover offers via a decision

19.10.2010

SCHMOLZ + BICKENBACH AG

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding SCHMOLZ + BICKENBACH AG for Schmolz + Bickenbach KG, SCHMOLZ + BICKENBACH Finanz AG, SCHMOLZ + BICKENBACH Holding AG, Schmolz + Bickenbach Beteiligungs GmbH, S + B Beteiligungs GmbH & Co KG, Schmolz + Bickenbach Stahlcenter AG, Gebuka AG and Gerold Büttiker and granted exemptions of the duty to make an offer.

30.09.2010

Declaration of transactions during a buyback programme

The Swiss Takeover Board has published today instructions for the reporting of transactions during a buyback programme as well as the revised form for the declaration of these transactions.

28.09.2010

Edipresse SA

The Swiss Takeover Board has exempted the public buyback program of Edipresse SA, Lausanne, from the provisions governing public takeover offers via a decision.

25.09.2010

Neue Aargauer Bank AG

The Swiss Takeover Board has determined that the public offer of Credit Suisse Group AG to the shareholders of Neue Aargauer Bank AG meets the legal requirements.

23.08.2010

Day Software Holding AG

The Swiss Takeover Board has determined that the public offer of Adobe Systems Benelux B.V. to the shareholders of Day Software Holding Inc meets the legal requirements.

30.07.2010

Genolier Swiss Medical Network SA

The Swiss Takeover Board has determined that neither Michael Schröder nor Katrin Reincke-Schröder acted in concert with Alain Fabarez, Lincoln Vale European Partners Master Fund L.P. and Jaime Rosell on the occasion of the general assembly of 9 June 2010 of Genolier Swiss Medical Network SA.

08.07.2010

Advanced Digital Broadcast Holdings SA

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding Advanced Digital Broadcast Holdings SA for the shareholder group composed of Andrew Rybicki, Maria Rybicki, Katherine Rybicki-Justo, Sofia Justo, John Justo, Chen Yun "Jessica" Lu, Krzysztof Bilinski, Pierre-Alain Nicati, François Pogodalla, Alessandro Brenna, Tina Nyfors, Thomas Steinmann, 4T SA and Gesualdo Ltd.

08.07.2010

Buyback programmes at market price on a separate trading line: New auction model

A working group consisting of the Swiss Takeover Board, the SIX Swiss Exchange and the FINMA has developed an auction model that aims to replace the separate trading line used for buyback programmes. From 22 March until 16 April 2010, the Swiss Takeover Board carried out a public consultation that was addressed to interested parties.

From today, the results of this consultation can be retrieved at http://www.takeover.ch/legaltexts/detail/id/186/lang/en .

The project regarding the revision of the separate trading line for buyback programmes will be carried on by the FINMA as the leading authority, in collaboration with the Swiss Takeover Board. At a later date, the FINMA will inform about the further proceedings.

29.06.2010

TOB Circular No. 3: Examination of Public Takeover Offers

The Swiss Takeover Board has adopted its TOB Circular No. 3 "Examination of Public Takeover Offers" on 25th June 2010.

21.06.2010

Mach Hitech AG in Liquidation

The Swiss Takeover Board has granted an exemption to K-S Anlage AG from the duty to make an offer to the shareholders of Mach Hitech AG.

08.06.2010

COS Computer Systems AG

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding COS Computer Systems AG for Johannes Hubertus Jozef Maria Kelders.

03.06.2010

Form "Declaration of transactions during a buyback programme"

The Swiss Takeover Board has published today its form for the declaration of transactions during a buyback programme.

02.06.2010

HBM BioVentures

The Swiss Takeover Board has, in the context of the current buyback, granted an exemption to HBM BioVentures AG regarding blackout periods.

26.05.2010

Revision of Art. 69 TOO

26 May 2010: With decision dated 26 February 2010, the Takeover Board has revised the scale of fees in Art. 69 TOO, which was approved by the Swiss Financial Market Authority on 22 April 2010. This modification was published today in the Official Compilation of Federal Legislation and enters into force on 1 June 2010.

30.04.2010

Activity report 2009

The Swiss Takeover Board has published today its activity report 2009

20.04.2010

Transocean Ltd.

The Swiss Takeover Board has exempted the public buyback program of Transocean Ltd., Zug, from the provisions governing public takeover offers via a decision.

22.03.2010

TOB Circular No. 1 : Buyback programmes and consultation about the revision of the separate trading line

The Swiss Takeover Board has published "TOB Circular No. 1 : Buyback programmes", dated 26 February 2010, and has opened a consultation about the revision of the separate trading line. The TOB has also unified the nomenclature of its publications.

17.03.2010

CI Com SA

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding CI Com SA for Alain Dumenil and Dual Holding SA.

12.03.2010

Siegfried Holding AG

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer for Rainer-Marc Frey, Herbert Item, Thomas Schmidheiny, SE Swiss Equities AG, Sigamed AG and Camellia Holding AG regarding Siegfried Holding AG. Moreover, an exemption from such a duty has been granted to Rainer-Marc Frey.

04.03.2010

TOB Circular No. 2 : Liquidity in the context of Takeover Law

The Swiss Takeover Board has published today its TOB-Circular No. 2: Liquidity in the context of Takeover Law, together with an information letter and an expert report.

29.12.2009

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.

03.12.2009

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.

05.11.2009

Arpida AG

The Swiss Takeover Board has acknowledged the absence of a duty to make an offer regarding Arpida AG for Sunstone Life Science Ventures Fund I KlS, Symbion Capital I a/s, Aravis General Partner Limited, Novartis Bioventures Limited, Astellas Venture Capital LLC and Dansk Innovations-investering P/S.

14.10.2009

Athris Holding AG

The Swiss Takeover Board has determined that the public offer of Pelham Investements AG to the shareholders of Athris Holding AG meets the legal requirements.

02.10.2009

Draft of Swiss Auditing Standard (draft-AS 880)

Today the Swiss Institute of Certified Accountants and Tax Consultants has published the draft of a new Swiss Auditing Standard on the examination of Public Takeover Offers (draft-AS) 880 for public consultation. The draft of the AS 880 is currently available in German and French on the website of the Swiss Institute of Certified Accountants and Tax Consultants (www.treuhand-kammer.ch) under the heading „Publikationen und Downloads/Wirtschaftsprüfung/ Prüfungsstandards".

01.10.2009

Canon Schweiz AG

The Swiss Takeover Board has determined that the public offer of Canon Europa N.V. to the shareholders of Canon (Switzerland) Ltd. meets the legal requirements.

14.09.2009

Jelmoli Holding AG

The Swiss Takeover Board has ascertained that the amended offer of Swiss Prime Site AG to the shareholders of Jelmoli Holding AG, which was published today, respects the legal requirements.

11.09.2009

Petroplus Finance Ltd

The Swiss Takeover Board has exempted the public buyback offer of Petroplus Finance Ltd, Hamilton, Bermuda, for the 3.375% convertible bonds 2008 - 2013 on conditions from the provisions governing public takeover offers.

09.09.2009

LO holding Lausanne-Ouchy S.A. / JJM Participations SA

The Swiss Takeover Board has ascertained the compliance of the public offer of Mobimo Holding AG to the shareholders of LO holding Lausanne-Ouchy S.A. and to the shareholders of JJM Participations SA with the legal requirements.

07.09.2009

HBM BioVentures AG

7 September 2009 - The Swiss Takeover Board has exempted the public buyback program of HBM BioVentures AG from the provisions governing public takeover offers.

03.09.2009

LO holding Lausanne-Ouchy S.A. / JJM Participations SA

3 September 2009 - The Takeover Board has issued a decision regarding the Best Price Rule.

19.08.2009

LO holding Lausanne-Ouchy S.A. / JJM Participations SA

19 August 2009 - The Takeover Board has decided that the exchange ratio for JJM Participations-shares (aka "NewCo" in the pre-announcement of 23 July 2009) offered in the pre-announcement published by Mobimo Holding AG does not comply with the principle of equal treatment and must be substituted by a provision conforming with the law of public takeovers.

25.07.2009

EFG International AG

25 July 2009 - The Swiss Takeover Board has acknowledged the absence of a duty to make an offer, respectively granted an exemption from such a duty for the controlling shareholders of EFG International AG, Zurich.

14.07.2009

Jelmoli Holding AG

14 July 2009 - The Swiss Takeover Board has ascertained the compliance of the offer of Swiss Prime Site AG related to all publicly held registered shares of Jelmoli Holding AG with the legal requirements.

09.07.2009

BB Medtech AG

9 July 2009 - The Swiss Takeover Board has published the following decision in the offer of Vontobel Beteiligungen AG related to all publicly held registered shares of BB Medtech AG regarding the Offering Prospectus and the Report of the Board of Directors.

06.07.2009

Revision of the Circular n° 1

6 July 2009 - The Swiss Takeover Board has received 19 statements during the period of consultation on the revision of the Communication n° 1. These statements have been published today on its website.

24.06.2009

Métraux Services SA

24 June 2009 - The Swiss Takeover Board has determined that the public offer of Swiss Automotive Group AG to the shareholders of Métraux Services SA meets the legal requirements

16.06.2009

Quadrant AG

16 June 2009 - The Swiss Takeover Board has rejected the appeal filed by Sarasin Investmentfonds AG against the decision 410/01 of 29 May 2009 and confirmed the compliance of the offer of Aquamit B.V. with the legal requirements.

04.06.2009

shaPE Capital AG

4 June 2009 - The Swiss Takeover Board has exempted the public buyback program of shaPE Capital AG from the provisions governing public takeover offers.

03.06.2009

Harwanne Compagnie de participations industrielles et financières SA

3rd June 2009 - The Swiss Takeover Board examined the evaluation of the Harwanne shares and decided that the price offered by MMA (CHF 3.45) respects the takeover regulations. She ended the cooling-off period and appointed the 4th June 2009 as the first day of the acceptance period.

02.06.2009

Quadrant AG

2 June 2009 - The Swiss Takeover Board has determined that the public offer of Aquamit B.V. to the shareholders of Quadrant AG meets the legal requirements.

19.05.2009

Harwanne Compagnie de participations industrielles et financières SA

Medienmitteilung vom 19. Mai 2009

28.04.2009

Revision of the Circular n° 1

28th April 2009 : The Swiss Takeover Board opens a period of consultation on the revision of the Communication n° 1 on the equity security purchases. Interested parties can send their statement until 7th June 2009 to the Swiss Takeover Board.

23.04.2009

Zwahlen & Mayr SA

23 April 2009 - The Swiss Takeover Board has granted an exemption from the duty to make an offer, respectively acknowledged the absence of such a duty for the majority shareholders of Zwahlen & Mayr SA.

17.04.2009

Amending of Communications No. 1 and No. 2 in accordance with the new law / rescinding of Communication No. 3

17 April 2009. - The Takeover Board has amended the form of Communication No. 1 ("Regarding Equity Security Repurchases") and Communication No. 2 ("On the concept of liquidity") in accordance with the new law, which came into force on 1 January 2009. No amendment to the content was involved.
The Takeover Board has also rescinded without replacement Communication No. 3 ("Cancellation of outstanding equity securities after a public takeover offer"). There was no longer any need for this Communication.

08.04.2009

Partners Group Holding AG

Verfügung 408/01 vom 2. April 2009. Öffentliches Rückkaufprogramm - Gesuch um Freistellung von der Anwendung der Bestimmungen über die öffentlichen Kaufangebote.

07.04.2009

Harwanne Compagnie de participations industrielles et financières SA

The FINMA Takeover Committee dismissed the appeal of MMA Vie SA against the decision 403/02 of the Takeover Board dated 16 March 2009. As a result, MMA Vie SA must provide the Takeover Board by 15 April 2009 with an evaluation of the securities which are object of the bid.

06.04.2009

Harwanne Compagnie de participations industrielles et financières SA

Ergänzung des Verwaltungsratsberichts

02.04.2009

Harwanne Compagnie de participations industrielles et financières SA

Verfügung 403/04 in Sachen Harwanne Compagnie de participations industrielles et financières SA vom 2. April 2009

02.04.2009

Harwanne Compagnie de participations industrielles et financières SA

Verfügung 403/05 in Sachen Harwanne Compagnie de participations industrielles et financières SA vom 2. April 2009

31.03.2009

Harwanne Compagnie de participations industrielles et financières SA

Decision 403/03 re Harwanne Compagnie de participations industrielles et financières SA from march, 30 2009

20.03.2009

Hammer Retex Holding AG

Verfügung in Sachen Hammer Retex Holding AG vom 17. März 2009

18.03.2009

Hammer Retex Holding AG

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