Industry News

SKion Exceeds Threshold of 95 Percent of the ALTANA Shares and Makes Squeeze Out Request

Requests ALTANA AG to convene a shareholders meeting

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By: DAVID SAVASTANO

Editor, Ink World Magazine

SKion GmbH has informed ALTANA that as of Feb. 2, 2010, it is holding 129,342,421 shares, i.e. 95.04 percent of the ALTANA shares. At the same time, SKion is requesting ALTANA AG to convene a shareholders meeting pursuant to § 327a Section 1 of the German Stock Corporation Act (AktG). In this meeting, a resolution on the transfer of the shares held by the remaining shareholders to SKion GmbH in return for an appropriate cash compensation shall be passed (the so-called “squeeze out.”) On N...

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