Supervisory Board of Alu Menziken recommends the acception of the exchange offer made by Montana Tech Components
Menziken, November 5, 2009. The Supervisory Board of Alu Menziken Holding AG has now decided to recommend the minority shareholders of Alu Menziken Holding AG to accept the exchange offer made by Montana Tech Components AG.
As already published on October 29, 2009 Montana Tech Components AG (MTC) will submit an exchange offer to the minority shareholders of Alu Menziken Holding AG.
The Supervisory Board of Alu Menziken Holding AG already rated the exchange offer as positive and the fairness opinion which he mandated to Ernst & Young AG, Zurich, now confirmed the appropriateness of the exchange relation of 1:24. During the offering period of November 13, until December 7, 2009 one registered share of Alu Menziken Holding AG with a nominal value of CHF 10 can be exchanged into
24 registered shares of Montana Tech Components AG with a nominal value of CHF 0.20. After a successful finalisation of the exchange offer MTC intends to quote its common stocks at the OTC-X trading platform of the Berner Kantonalbank where also the shares of Alu Menziken can be traded today.
Also Martin Wipfli, managing partner of Baryon AG and together with fund manager Peter J. Lehner representative of a part of the minority shareholders has given a positive statement about the exchange offer and also recommends the minority shareholders of Alu Menziken to accept the offer.
Detailed information will be sent to the shareholders of Alu Menziken on November 12, 2009. All shareholders are invited to an information presentation of MTC in Reinach, AG on November 12, 2009 at 5.00 pm and can contact either their deposit bank or Valerie Keidel directly for more information.