Latest Decisions in Takeover Matters
Decision dated 26 August 2020 in the matter of Sunrise Communications Group Ltd.
In its decision 770/01 of 26 August 2020, in the matter of Sunrise Communications Group Ltd., the Swiss Takeover Board has determined that UPC Schweiz LLC's public tender offer to the shareholders of Sunrise Communications Group Ltd. meets the legal requirements.
Click here to view the decision 770/01.
Decision dated 20 August 2020 in the matter of MCH Group Ltd.
In its decision 765/02 of 20 August 2020, in the matter of MCH Group Ltd., the Swiss Takeover Board has partially approved the appeal filed by LLB Swiss Investment Ltd. against the decision 765/01 of 13 July 2020 and determined that the formally selective opting-up clause, which was voted on at the extraordinary general meeting of MCH Group Ltd. on 3 August 2020, is invalid from a Swiss takeover law perspective.
Click here to view the decision 765/02.
Decision dated 13 July 2020 in the matter of MCH Group Ltd.
In its decision 765/01, dated 13 July 2020, in the matter of MCH Group Ltd., the Swiss Takeover Board has made statements with regard to an application of MCH Group Ltd. and Lupa Systems LLC with respect to MCH Group Ltd.
Click here to view the decision 765/01.
Decision dated 30 June 2020 in the matter of Meyer Burger Technology Ltd.
In its decision 768/01, dated 30 June 2020, in the matter of Meyer Burger Technology Ltd., the Swiss Takeover Board has made certain findings with regard to the non-existence of the obligation to make an offer in connection with a capital increase to be carried out by Meyer Burger Technology Ltd.
Click here to view the decision 768/01.
Decision 756/02 dated 20 April 2020 in the matter of Pargesa Holding SA
In its decision 756/02, dated 20 April 2020, in the matter of Pargesa Holding SA, the Swiss Takeover Board has determined that Parjointco Switzerland SA’s public exchange offer to the shareholders of Pargesa Holding SA meets the legal requirements.
Click here to view the decision 756/02.
Decision 757/01 dated 25 February 2020 in the matter of Vetropack Holding AG
In its decision 757/01, dated 25 February 2020, in the matter of Vetropack Holding AG, the Swiss Takeover Board has made statements with respect to an exchange of shares of Vetropack Holding AG.
Click here to view the decision 757/01.
Decision 756/01 dated 13 February 2020 in the matter of Pargesa Holding SA
In its decision 756/01, dated 13 February 2020, in the matter of Pargesa Holding SA, the Swiss Takeover Board has addressed preliminary questions with regard to Parjointco N.V.’s public exchange offer for all publicly held bearer shares of Pargesa Holding SA.
Click here to view the decision 756/01.
Decision 758/01 dated 10 February 2020 in the matter of AP Alternative Portfolio Ltd.
In its decision 758/01, dated 10 February 2020, in the matter of AP Alternative Portfolio Ltd., the Swiss Takeover Board has exempted the public buyback program of AP Alternative Portfolio Ltd. from the provisions governing public takeover offers.
Click here to view the decision 758/01.
Decision 745/02 dated 28 January 2020 in the matter of LEM Holding SA
In its decision 745/02, dated 28 January 2020, in the matter of LEM Holding SA, the Swiss Takeover Board has rejected the objection filed by 7-Industries Holding B.V. against the decision 745/01 of 25 October 2019.
Click here to view the decision 745/02.
* Decision not yet included in the Case Law Commentary on takeoverpractice.ch.