Latest Decisions in Takeover Matters

13.05.2019

Decision 726/02 dated 10 May 2019 in the matter of Panalpina Welttransport (Holding) AG

In its decision 726/02, dated 10 May 2019, in the matter of Panalpina Welttransport (Holding) AG, the Swiss Takeover Board held that the public exchange offer of DSV A/S to the shareholders of Panalpina Welttransport (Holding) AG meets the legal requirements.

Click here to view the decision 726/02.

07.05.2019

Decision 725/01 dated 17 April 2019 in the matter of Duff & Phelps, LLC

In its decision 725/01, dated 17 April 2019, in the matter of Duff & Phelps, LLC, the Swiss Takeover Board held that Duff & Phelps, LLC is suitably qualified in the sense of art. 30 al. 6 TOO to establish fairness opinions in the context of public takeover offers.

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30.04.2019

Decision 726/01 dated 29 April 2019 in the matter of Panalpina Welttransport (Holding) AG

In its decision 726/01, dated 29 April 2019, in the matter of Panalpina Welttransport (Holding) AG, the Swiss Takeover Board has issued statements concerning the public exchange offer of DSV A/S to the shareholders of Panalpina Welttransport (Holding) AG.

Click here to view the decision 726/01.

23.04.2019

Decision 724/01 dated 17 April 2019 in the matter of Edmond de Rothschild (Suisse) S.A.

In its decision 724/01, dated 17 April 2019, in the matter of Edmond de Rothschild (Suisse) S.A., the Swiss Takeover Board held that Edmond de Rothschild Holding SA's public tender offer to the shareholders of Edmond de Rothschild (Suisse) S.A. meets the legal requirements.

Click here to view the decision 724/01.

03.04.2019

Bank Cler AG: Termination of investigations concerning a possible violation of the Best Price Rule

On 15 October 2018, following a notification pursuant to Art. 62 of the Takeover Ordinance, the Swiss Takeover Board initiated investigations relating to a possible violation of the Best Price Rule in the context of the public offer of Basler Kantonalbank to the public shareholders of Bank Cler AG. The Swiss Takeover Board has closed the investigations as no indications of a violation of the Best Price Rule could be found.

Click here for further information on the transaction 0699.

12.03.2019

Decision 721/01 dated 4 March 2019 in the matter of ams AG

In its decision 721/01, dated 4 March 2019, in the matter of ams AG, the Swiss Takeover Board has exempted the public buyback program of ams AG concerning convertible bonds from the provisions governing public takeover offers.

Click here to view the decision 721/01.

19.02.2019

Decision 719/01 dated 4 February 2019 in the matter of AP Alternative Portfolio Ltd.

In its decision 719/01 dated 4 February 2019, in the matter of AP Alternative Portfolio Ltd., the Swiss Takeover Board hat exempted the public buyback program of AP Alternative Portfolio Ltd. from the provisions governing public takeover offers.

Click here to view the decision 719/01.

29.01.2019

Decision 711/02 dated 25 January 2019 in the matter of CEVA Logistics AG

In its decision 711/02, dated 25 January 2019, in the matter of CEVA Logistics AG, the Swiss Takeover Board has determined that CMA CGM S.A.'s public tender offer to the shareholders of CEVA Logistics Ltd meets the legal requirements.

Click here to view the decision 711/02.

* Decision not yet included in the Case Law Commentary on takeoverpractice.ch.