Latest Decisions in Takeover Matters
Decision 884/01 dated 7 October 2024 in the matter of Valartis Ltd.
In its decision 884/01 dated 7 October 2024 in the matter of Valartis Ltd., the Swiss Takeover Board has determined that Valartis Ltd.’s public tender offer to the shareholders of ENR Russia Invest Ltd. meets the legal requirements.
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Decision 883/01 dated 25 September 2024 in the matter of Pelham Investments Ltd.
In its decision 883/01 dated 25 September 2024 in the matter of Pelham Investments Ltd., the Swiss Takeover Board has determined that Pelham Investments Ltd.’s public tender offer to the shareholders of Athris Ltd. meets the legal requirements.
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Decision 880/01 dated 23 August 2024 in the matter of Sunrise Communications AG
In its decision 880/01 dated 23 August 2024 in the matter of Sunrise Communications AG, the Swiss Takeover Board has made certain statements regarding the introduction of a selective opting-up at Sunrise Communications AG.
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Decision 882/01 dated 29 August 2024 in the matter of dormakaba Holding Ltd
In its decision 882/01 dated 29 August 2024 in the matter of dormakaba Holding Ltd, the Swiss Takeover Board has made statements regarding the possible election of a shareholder representative to the Board of Directors of dormakaba Holding Ltd.
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Decision 877/01 dated 29 July 2024 in the matter of HOCHDORF Holding Ltd
In its decision 877/01 dated 29 July 2024 in the matter of HOCHDORF Holding Ltd, the Swiss Takeover Board has stated that a transaction in connection with HOCHDORF Swiss Nutrition Ltd. does not trigger AS Equity Partners Switzerland LLC’s duty to make a public tender offer for the equity securities of HOCHDORF Holding Ltd.
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Decision 876/01 dated 24 July 2024 in the matter of Calida Holding AG
In its decision 876/01 dated 24 July 2024 in the matter of Calida Holding AG, the Swiss Takeover Board has stated that two different transactions do not trigger Calida Holding Ltd.’s duty to make a public tender offer for its own equity securities and has granted an exemption from the duty to make a public tender offer to Erich Kellenberger, Daniel Kellenberger, Max Kellenberger, Allan Kellenberger and Diana Kellenberger with respect to these transactions.
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Decision 872/01 dated 30 May 2024 in the matter of Lalique Group SA
In its decision 872/01 dated 30 May 2024 in the matter of Lalique Group SA, the Swiss Takeover Board has determined that Silvio Denz’s public tender offer to the shareholders of Lalique Group SA meets the legal requirements.
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Decision 871/01 dated April 19, 2024 in the matter of Rock Investment SAS
In its decision 871/01 dated April 19, 2024 in the matter of Rock Investment SAS, the Swiss Takeover Board has granted Rock Investment SAS an exemption from the duty to make an offer for reorganization purposes regarding GAM Holding AG.
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Decision 857/01 dated October 31, 2023 and decision 857/02 dated January 25, 2024 in the matter of DocMorris AG
In its decision 857/01 dated October 31, 2023 and decision 857/02 dated January 25, 2024 in the matter of DocMorris AG, the Swiss Takeover Board has made statements regarding the buyback program of DocMorris Finance B.V., a wholly owned subsidiary of DocMorris Ltd.
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Decision 869/01 dated 25 March 2024 in the matter of Meyer Burger Technology AG
In its decision 869/01 dated 25 March 2024 in the matter of Meyer Burger Technology AG, the Swiss Takeover Board has made statements with regard to the non-existence of the obligation to make a public tender offer in connection with a capital increase.
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Decision 864/02 dated 27 March 2024 in the matter of Aluflexpack AG
In its decision 864/02 dated 27 March 2024 in the matter of Aluflexpack AG, the Swiss Takeover Board has determined that Constantia Flexibles GmbH’s public tender offer to the shareholders of Aluflexpack AG meets the legal requirements and has made statements in this regard.
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Decision 865/01 dated 8 March 2024 in the matter of Swiss Steel Holding AG
In its decision 865/01 dated 8 March 2024 in the matter of Swiss Steel Holding AG, the Swiss Takeover Board has granted Martin Haefner and the companies controlled by him, including BigPoint Holding AG, an exemption from the duty to make an offer for reorganization purposes regarding Swiss Steel Holding AG.
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Decision 863/01 dated 14 February 2024 in the matter of Swiss Steel Holding AG
In its decision 863/01 dated 14 February 2024 in the matter of Swiss Steel Holding AG, the Swiss Takeover Board has made statements regarding a request by Swiss Steel Holding Ltd. for the introduction of an opting out provision in Swiss Steel Holding Ltd.’s articles of association.
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Decisions 807/01 dated 11 March 2022 and 807/02 dated 28 February 2024 in the matter of Galderma Group Ltd
In its decisions 807/01 dated 11 March 2022 and 807/02 dated 28 February 2024 in the matter of Galderma Group Ltd, the Swiss Takeover Board has determined that the company's formal selective and limited in time opting-out provision is legally valid in terms of takeover law.
Click here (807/01) and here (807/02) to view the full decisions.
Decision 864/01 dated 12 February 2024 in the matter of Constantia Flexibles GmbH
In its decision 864/01 dated 12 February 2024 in the matter of Constantia Flexibles GmbH, the Swiss Takeover Board has made various statements regarding the public tender offer to the shareholders of Aluflexpack AG.
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* Decision not yet included in the Case Law Commentary on takeoverpractice.ch.