Meyer Burger not looking to completely takeover Roth & Rau


Speaking to the Swiss financial agency, AWP, Pauli stated that Meyer Burger wants to gain a 50 percent stake in Roth & Rau. "As a first step, we want to achieve a 50 percent share as soon as possible. Such a majority is sufficient to be able to gain operative control and to consolidate R&R in our numbers," Pauli told AWP.

He went on to say that a higher contributuion – i.e. 75 percent plus one vote – is not a high prioirty. But, the 50 percent share is an important milestone. "Only if the judicial requirementsare there and it seems to be economically viable , we will take further steps in this matter," continued Pauli.

He went on to dismiss an increase in the current offer of €22 per R&R share. "There is no reason to adjust the price," he said.

As was reported yesterday, Meyer Burger received approval from the German Federal Financial Supervisory Authority to publish the offer document regarding its voluntary public tender offer for all non-par-value bearer shares of Germany-based Roth & Rau.

The Swiss company says that its offer is 40.04 percent above the €15.71 average share price of Roth & Rau shares.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.