Latest Decisions in Takeover Matters

17.08.2022

Decision 827/01 dated 17 August 2022 in the matter of Dufry AG

In its decision 827/01 dated 17 August 2022 in the matter of Dufry AG, the Swiss Takeover Board has granted Edizione S.p.A and Schema Beta S.p.A an exemption from the duty to make a public tender offer concerning Dufry AG.

Click here to view the full decision.

27.07.2022

Decision 825/01 dated 27 July 2022 in the matter of MCH Group AG

In its decision 825/01 dated 27 July 2022 in the matter of MCH Group AG, the Swiss Takeover Board has made statements regarding the non-existence of the obligation to launch a public tender offer to MCH Group AG's shareholders and has granted an exception from the duty to make a public tender offer for reorganisation purposes with respect to the shares of MCH Group AG to the Canton of Basel Stadt.

Click here to view the decision 825/01.

25.07.2022

Decision 823/01 dated 25 July 2022 in the matter of Valora Holding AG

In its decision 823/01 dated 25 July 2022 in the matter of Valora Holding AG, the Swiss Takeover Board has determined that the public tender offer of Impulsora de Marcas e Intangibles, S.A. de C.V., to the shareholders of Valora Holding AG meets the legal requirements.

Click here to view the decision 823/01.

14.07.2022

Decision 822/01 dated 14 July 2022 in the matter of Bobst Group AG

In its decision 822/01 dated 14 July 2022 in the matter of Bobst Group AG, the Swiss Takeover Board has made statements regarding JBF Finance AG's planned public tender offer to the shareholders of Bobst Group AG.

Click here to view the decision 822/01.

13.07.2022

Decision 816/02 dated 13 July 2022 in the matter of Spice Private Equity AG

In its decision 816/02 dated 13 July 2022 in the matter of Spice Private Equity AG, the Swiss Takeover Board has determined that GP Swiss AG's public tender offer to the shareholders of Sprice Private Equity AG meets the legal requirements.

Click here to view the decision 816/02.

12.07.2022

Decision 802/03 dated 12 July 2022 in the matter of Vifor Pharma AG

In its decision 802/03 dated 12 July 2022 in the matter of Vifor Pharma AG, the Swiss Takeover Board has accepted a suspension of the settlement of the offer until 30 September 2022.

Click here to view the decision 802/03.

30.05.2022

Decision 816/01 dated 30 May 2022 in the matter of Spice Private Equity AG

In its decision 816/01 dated 30 May 2022 in the matter of Spice Private Equity AG, the Swiss Takeover Board has determined that the conditions of the pre-announcement of GP Swiss AG's public tender offer to the shareholders of Spice Private Equity AG comply with the provisions governing public takeover offers and that the price of the offer can consist of US-dollars.

Click here to view the decision 816/01.

08.03.2022

Decision 810/01 dated 8 March 2022 in the matter of Santhera Pharmaceuticals Holding AG

In its decision 810/01 dated 8 March 2022 in the matter of Santhera Pharmaceuticals Holding AG, the Swiss Takeover Board has granted Santhera Pharmaceuticals (Schweiz) AG an exemption from the duty to make a public tender offer concerning Santhera Pharmaceuticals Holding AG.

Click here to view the decision 810/01.

24.02.2022

Decision 805/02 dated 24 February 2022 in the matter of Bank Linth LLB AG

In its decision 805/02 dated 24 February 2022 in the matter of Bank Linth LLB AG, the Swiss Takeover Board has ascertained the compliance of the purchase and partial exchange offer of Liechtensteinische Landesbank AG to the shareholders of Bank Linth LLB AG with the legal requirements and has made additional statements with respect to this offer.

Click here to view the decision 805/02.

11.02.2022

Decision 806/01 dated 11 February 2022 in the matter of AP Alternative Portfolio AG

In its decision 806/01 dated 11 February 2022 in the matter of AP Alternative Portfolio AG, the Swiss Takeover Board has exempted the public buyback program of AP Alternative Portfolio AG from the provisions governing public takeovers offers.

Click here to view the decision 806/01.

26.01.2022

Decision 805/01 dated 26 January 2022 in the matter of Bank Linth LLB AG

In its decision 805/01 dated 26 January 2022 in the matter of Bank Linth LLb AG, the Swiss Takeover Board has made statements regarding the purchase and partial exchange offer of Liechtensteinische Landesbank AG to the shareholders of Bank Linth LLB AG.

Click here to view the decision 805/01.

24.01.2022

Decision 804/01 dated 24 January 2022 in the matter of Spice Private Equity AG

In its decision 804/01 dated 24 January 2022 in the matter of Spice Private Equity AG, the Swiss Takeover Board has made statements regarding the buyback program of Spice Private Equity AG.

Click here to view the decision 804/01.

14.01.2022

Decision 802/02 dated 14 January 2022 in the matter of Vifor Pharma AG

In its decision 802/02 dated 14 January 2022 in the matter of Vifor Pharma AG, the Swiss Takeover Board has ascertained the compliance of the public tender offer of CSL Berhing AG to the shareholders of Vifor Pharma AG with the legal requirements and made some statements regarding the handling of the employee participation programs of Vifor Pharma AG in respect of the public offer of CSL Berhing AG to the shareholders of Vifor Pharma AG.

Click here to view the decision 802/02.

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