Meyer Burger Technology AG [ticker: MBTN] (or their subsidiaries), April 10, 2011 by purchase of shares and contracts accounts in exchange for a total of 7.4% of the share capital of the Roth & Rau AG [ticker: R8R] immediately and 3.9% in the state of merger clearance by the founders and main shareholders, Dr. Dietmar Roth (Chairman), Mrs. Prof. Dr. Silvia Roth and Dr. Bernd Rau bought. As part of the transaction, Meyer Burger 840'802 new registered shares of its issued share capital. The first trading of the shares on the SWX Swiss Exchange is expected to be on 13 April 2011 is.Meyer Burger is also a voluntary tender offer for all that this publicly traded bearer shares of Roth & Rau AG at a price of 22 euros per share in cash.
The Board and the Supervisory Board of Roth & Rau supporting the provision of Meyer Burger.
The Meyer Burger Group is a leading global provider of innovative systems and production equipment for photovoltaic solar industry, and semiconductor and optical industry (LED), with more than 1,200 employees and annual sales in 2010 of CHF 826 million. Within the photovoltaic (solar industry), the group has the most important technological processes throughout the chain of high quality solar systems with a focus on Solarwafering and modules.
Roth & Rau Group is a leading supplier of production equipment and manufacturing technologies for the manufacture of solar cells and is mainly active in the anti-reflective coating of crystalline silicon solar cells. The company has manufacturing facilities in Hohenstein-Ernstthal and Eindhoven, and employees at the end of 2010 some 1,200 people. Roth & Rau achieved in 2010, an annual turnover of 285 million euros.
The Board and the Supervisory Board of Roth & Rau supporting the provision of Meyer Burger.
The Meyer Burger Group is a leading global provider of innovative systems and production equipment for photovoltaic solar industry, and semiconductor and optical industry (LED), with more than 1,200 employees and annual sales in 2010 of CHF 826 million. Within the photovoltaic (solar industry), the group has the most important technological processes throughout the chain of high quality solar systems with a focus on Solarwafering and modules.
Roth & Rau Group is a leading supplier of production equipment and manufacturing technologies for the manufacture of solar cells and is mainly active in the anti-reflective coating of crystalline silicon solar cells. The company has manufacturing facilities in Hohenstein-Ernstthal and Eindhoven, and employees at the end of 2010 some 1,200 people. Roth & Rau achieved in 2010, an annual turnover of 285 million euros.
Offer solar cell will be amplified
With the proposed merger of the two companies reinforces the Meyer Burger Group, its range in the area of solar cells, bringing together key technologies of the value chain of PV silicon to produce solar energy system Especially in the areas of wafer fabrication, solar cells and solar modules.
Peter Pauli, CEO of Meyer Burger Technology AG, comments: "With Roth & Rau Group, we are strengthening our solutions for the photovoltaic industry. Through joint research and development activities, consolidation of distribution networks and the broader range of fully integrated solutions that help reduce the cost of the production of photovoltaic energy. We go further to reduce the cost of solar energy sustainable and achieve the goal of parity industry the network as soon as possible. "Dr. Dietmar Roth, CEO of Roth & Rau AG: "We are convinced that Meyer Burger is the ideal strategic partner for sustainable development of our dynamic company. Since the new merged group would benefit shareholders, employees, suppliers, customers and solar industry. "
Peter Pauli, CEO of Meyer Burger Technology AG, comments: "With Roth & Rau Group, we are strengthening our solutions for the photovoltaic industry. Through joint research and development activities, consolidation of distribution networks and the broader range of fully integrated solutions that help reduce the cost of the production of photovoltaic energy. We go further to reduce the cost of solar energy sustainable and achieve the goal of parity industry the network as soon as possible. "Dr. Dietmar Roth, CEO of Roth & Rau AG: "We are convinced that Meyer Burger is the ideal strategic partner for sustainable development of our dynamic company. Since the new merged group would benefit shareholders, employees, suppliers, customers and solar industry. "
Meyer Burger is the funding of the voluntary takeover bid of existing cash and through a syndicated bank loan. The offer is subject to customary closing conditions, including regulatory approval of various competition authorities. The offer document will be presented in the next four weeks, the Federal Financial Supervisory Authority (BaFin) and published after approval by the BaFin. The transaction is expected to be completed by the third quarter of 2011.
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