Successful exchange offer by Montana Tech Components and Alu Menziken
Menziken, December 7, 2009 – The exchange offer made by Montana Tech Components AG to the minority shareholders of Alu Menziken Holding AG was accepted overwhelmingly. Almost 90% of the free float shares were tendered.
The offering period of the exchange offer by Montana Tech Components AG (MTC) to the minority shareholders of Alu Menziken Holding AG ended today with a great success. Around 89% of the free float shares of Alu Menziken with a nominal value of CHF 10 were tendered. This means that the MTC Group will then have about 94.6% of the capital rights and about 97% of the voting rights.
One of the conditions of Montana Tech Components was that MTC holds directly or indirectly more than 94.44% of the voting rights and more then 90% of the capital rights of all Alu Menziken shares after the end of the offering period. As this condition is fulfilled, Montana Tech Components AG declares the offer as accepted. The exchange offer will be finalised during the next days.
Those Alu Menziken shareholders, who have not tendered their shares during the offering period, still have the chance to do so during the additional respite from December 15, 2009 until January 8, 2010. These shareholders should contact their deposit bank or the share register of Alu Menziken directly. Also Valerie Keidel from Montana Tech Components AG can be contacted in case of further questions.