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Altana's Squeeze-out Nearly Completed

6:27 AM MDT | August 23, 2010 | Natasha Alperowicz

Specialty chemicals firm Altana (Wesel, Germany) has today filed in the Commercial Register of Duisburg the transfer resolution giving formal notice of a previously announced squeeze out of its remaining minority shareholders to SKion GmbH (Bad Homburg, Germany), an investment company owned by German billionaires Susanne Klatten, at €15.01 per share. It expects the transfer resolution to be entered into the Register within a few days, after which SKion will acquire all the remaining shares and Altana will be delisted from the stock exchange. Altana, with...

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