SWISS TAKEOVER BOARD
The Swiss Takeover Board (TOB) is a Federal Commission established under the Federal Act on Stock Exchanges and Securities Trading of March 24, 1995. The Takeover Board shall, in each case, ensure compliance with the rules applicable to public offers.
The Swiss Takeover Board has ascertained the compliance of the public tender offer of CSL Behring AG to the shareholders of Vifor Pharma AG with the legal requirements and made some statements regarding the handling of the employee participation programs of Vifor Pharma AG in respect of the public offer of CSL Behring AG to the shareholders of Vifor Pharma AG.
The Swiss Takeover Board has determined that the conditions of the pre-announcement of CSL Limited’s public tender offer to the shareholders of Vifor Pharma AG comply with the provisions governing public takeover offers and that the price of the offer can consist of US-dollars.
The Swiss Takeover Board has made statements regarding the buyback program of VT5 Acquisition Company Ltd and commented on its statutory opting out.
The Swiss Takeover Board has made statements regarding the buyback program of Spice Private Equity Ltd.
The Swiss Takeover Board has granted André Hoffmann, Marie-Anne Hoffmann, Vera Michalski, Alexander Hoffmann, Frederic Hoffmann, Isabel Hoffmann, Lucas Hoffmann, Marina Hoffmann, Kasia Barbotin-Larrieu, Tatiana Fabre, Andreas Oeri, Catherine Oeri, Sabine Duschmalé, Jörg Duschmalé, Lukas Duschmalé and the Fondation Wolf an exemption from the duty to make a public tender offer concerning Roche Holding Ltd.
The Swiss Takeover Board has made statements regarding the non-existence of the obligation to launch a tender offer to Polyphor Ltd.’s shareholders in connection with changes in the shareholder structure of Polyphor Ltd.
The Swiss Takeover Board has determined that Cosmo Pharmaceuticals N.V.’s public exchange offer to the shareholders of Cassiopea S.p.A. meets the legal requirements.
The Swiss Takeover Board has made statements regarding the non-existence of the obligation to launch a tender offer to Vetropack Holding Ltd.’s shareholders in connection with changes in the shareholder structure of Vetropack Holding Ltd.’s main shareholder.