Süd-Chemie AG´s Managing Board and Supervisory Board recommend acceptance of takeover bid
The Managing Board and the Supervisory Board of Süd-Chemie AG, Munich, published on 30 May their joint statement on the takeover offer made to Süd-Chemie AG shareholders by Clariant Verwaltungsgesellschaft mbH, Frankfurt am Main and on the. Applying various valuation methods, the Managing Board and the Supervisory Board of Süd-Chemie AG have evaluated the compensation amounting to EUR 126.38 per Süd-Chemie AG share offered by the bidder, giving due consideration to both corporate and market aspects. The Managing Board and Supervisory Board support the intention of the bidder not to change Süd-Chemie´s business activities and to retain its areas of operation. The Managing Board and the Supervisory Board recommend that Süd-Chemie AG shareholders accept the takeover offer.
Download of the joint statement issued by the Managing Board and Supervisory Board (German version only) available at » http://www.sudchemie.com/stellungnahme