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voestalpine confirms no increase of bid price for Böhler-Uddeholm

2 July 2007 | 

voestalpine AG confirms its previously published statement that it will not increase the bid price for shares of Böhler-Uddeholm AG.

In order to avoid any speculations voestalpine AG furthermore confirms at the suggestion of the Takeover Commission, that it shall not only refrain from increasing the bid price until the end of the sell-out period on 6 September 2007, but also during the nine-month period within which an increased bid price would require additional payments to be made to all Böhler-Uddeholm shareholders who have accepted the offer. In practice, this means that voestalpine AG confirms by means of a self-commitment declaration that there will be no bid price increase, at any rate not until 6 June 2008 which is the period of time that is relevant for an additional payment within the meaning of the Takeover Act.

Further details as to the publication is available on or please contact the Investor Relations Team of voestalpine AG under +43/50304/15-9949 for any further details.