FLSmidth appeals Takeovers Panel's Decision regarding offer to acquire the Australian company Ludowici
(Thomson Reuters ONE) -
Company Announcement to the Danish Financial Supervisory Authority No.
11-2012, 2 March 2012
As a consequence of Weir Group's appeal of the Australian Takeovers Panel's
Declaration and Orders (the Initial Decision) of 27 February 2012 regarding
offer to acquire the Australian company Ludowici (see Company announcement no.
10-2012), FLSmidth has today lodged a contra-appeal. The Takeovers Panel found
in its decision that FLSmidth was not prevented from increasing its bid for
Ludowici, but that FLSmidth's correction on 31 January 2012 of the Reuters
article published on 23 January 2012 should have been made earlier. As a
consequence thereof, FLSmidth was ordered to implement a process that may result
in compensation to those Ludowici shareholders who may have suffered a loss by
selling Ludowici shares in the period from 23 January 2012 until 31 January
2012 in reliance on FLSmidth's statement of 23 January 2012.
The Takeovers Panel has as a consequence of Weir Group's appeal issued Interim
Orders stating that both Weir Group and FLSmidth must refrain from taking any
actions that may result in them acquiring interests in or control of Ludowici
while the appeal process is pending.
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For further information about FLSmidth, please visit www.flsmidth.com.
Yours faithfully
Pernille Friis Andersen
Corporate Communications & Investor Relations
Link to PDF version:
http://hugin.info/2106/R/1590843/499855.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FLSmidth via Thomson Reuters ONE
[HUG#1590843]
Unternehmensinformation / Kurzprofil:
Datum: 02.03.2012 - 10:09 Uhr
Sprache: Deutsch
News-ID 121005
Anzahl Zeichen: 2241
contact information:
Town:
Valby
Kategorie:
Business News
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