Return to overview

Böhler-Uddeholm AG; 90% voting threshold passed

25 March 2008 | 

Due to further share acquisitions, on 20 March 2008, voestalpine AG’s holding in Böhler-Uddeholm AG passed the 90% threshold. voestalpine now holds 90.24% of the voting rights in Böhler-Uddeholm AG. The Group refers to today’s announcement by Böhler-Uddeholm AG in this regard.

voestalpine AG announces, that – subject to approval by the Supervisory Board – it will now initiate the steps necessary to perform a squeeze-out procedure according to the Austrian Minority Shareholders Squeeze Out Act in order to buy out the remaining shareholders in Böhler-Uddeholm AG. It is planned to adopt a resolution to this effect at Böhler-Uddeholm AG’s Annual General Meeting on 23 June 2008. No predictions can be made at this time as to the amount of cash settlement payments to be made to minority shareholders; the amount will be set and made public according to the Minority Shareholders Squeeze Out Act.