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Clariant Launches Squeeze-out of Remaining Süd-Chemie Shares

6:51 AM MDT | June 24, 2011 | Natasha Alperowicz

Clariant says it has initiated a squeeze-out process, according to the German Public Company Act, to acquire all the remaining shares in Sud-Chemie held by minority shareholders. Clariant already owns 98.64% of the share capital of Sud-Chemie. The squeeze-out is subject to approval at a general meeting of Süd-Chemie and the resolution is to be passed at an extraordinary general meeting, which is expected to take place before the end of 2011, the companies say...

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