Bayer to implement Schering squeeze-out, as approved at shareholder meeting |
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Published
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Thu, 18 Jan 2007 11:41
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FRANKFURT (AFX) - Bayer AG's Bayer Schering Pharma business said it is to implement a squeeze-out of minority shareholders, as approved at an extraordinary shareholders' meeting of Bayer Schering Pharma.The remaining 3.8 pct of shares held by minority shareholders will be transferred to Bayer Schering GmbH in return for cash compensation of 98.98 eur per share, said a company statement.krysia.diver@afxnews.comkd/jfrCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Bayer as white knight edges out Merck in bid for Schering 