Roth & Rau urges shareholders to accept Meyer Burger offer

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 Burger’s 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.