In a statement, they say that, at 22 per share, the price offered is "appropriate in financial terms, and that the offer price is consistent with the relevant legal requirements".
In addition to supporting the offer, Roth & Rau says that it also supports Meyer Burgers strategy for taking the business forward. "In particular," continues the statement, "Roth & Rau approves the planned uniform strategic management of MBT AG and the structuring of operations and R&D activities, as well as service and sales activities, within individual technology and competence centres."
Furthermore, the company welcomes the fact that Meyer Burger will maintain Roth & Rau as a German operating company and that no relocation or closure of the company, or sections of the company, "is envisaged in the medium term".
The Works Council of Roth & Rau AG is also said to have welcomed the statements made in the offer concerning the retention of company locations and employees.
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