DGAP-News: Roth&Rau publishes statement concerning voluntary public takeover offer from Meyer Burger Technology AG
(firmenpresse) - DGAP-News: Roth&Rau AG / Key word(s): Miscellaneous
Roth&Rau publishes statement concerning voluntary public takeover
offer from Meyer Burger Technology AG
16.05.2011 / 09:17
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Roth&Rau publishes statement concerning voluntary public takeover offer
from Meyer Burger Technology AG
Hohenstein-Ernstthal, 16 May 2011 - The Management and Supervisory Boards
of Roth&Rau AG have published their joint statement pursuant to§27 of
the Securities Acquisitions and Takeover Act (WpÜG) in respect of the
voluntary public takeover offer made by Meyer Burger Technology AG (MBT).
In this statement, they conclude that, at EUR 22.00 per Roth&Rau share,
the price offered is appropriate in financial terms, and that the offer
price is consistent with the relevant legal requirements.
The Management and Supervisory Boards therefore expressly support the offer
and recommend Roth&Rau shareholders to accept.
Furthermore, the Management and Supervisory Boards also support the
strategy proposed by Meyer Burger in respect of the future business
activities of the future MBT Group, which the Management and Supervisory
Boards believe to be in the best interests of Roth&Rau AG and its
shareholders. In particular, 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. The competencies available at the MBT
Group result in complementary effects in the fields of wafer, cell and
module production. The future MBT Group will thus have expertise covering
virtually the whole of the value chain, with each individual company
holding a leading position in its specific segment. Moreover, by pooling
research and development it will also be possible to integrate and optimise
the interfaces between wafers, cells and modules within the relevant
development activities. Here, Roth&Rau AG will assume technology
leadership and be able to deploy its available resources even more
effectively. As the companies involved have the same customer basis but are
not in any way competitors of each other, it will be possible to put
existing sales and services structures to more efficient use. The resultant
opportunities to further improve customer support represent an additional
market advantage.
The Management and Supervisory Boards of Roth&Rau AG further welcome the
fact that Meyer Burger has expressly committed itself to maintaining Roth&Rau AG as a German operating company in future as well and that no
relocation or closure of Roth&Rau AG, or of key sections of the company,
is envisaged in the medium term. The Works Council of Roth&Rau AG also
welcomes the statements made in the offer concerning the retention of
individual company locations within the Roth&Rau Group. The Works Council
is equally positive concerning the statement made by Meyer Burger
Technology AG that it has no intention of terminating employment contracts
with employees at the Roth&Rau Group.
Alongside the company founders and major shareholders Dr. Dietmar Roth,
Prof. Dr. Silvia Roth and Dr. Bernd Rau, the Management Board members Dr.
Paulus Breddels and Thomas Hengst have also already sold or intend to sell
their shares to Meyer Burger Technology AG.
The complete statement has been published on the internet at
www.roth-rau.com.
About Roth&Rau AG:
Roth&Rau AG, based in Hohenstein-Ernstthal, has been one of the world's
leading suppliers of production equipment and innovative production
technologies for the photovoltaics industry for more than 10 years now. In
its photovoltaics segment, Roth&Rau focuses on providing antireflective
coating systems and a variety of advisory and technology transfer services
for the installation of complete production lines for use in the
manufacture of crystalline silicon solar cells. Further products include
thermal processing systems also used in the manufacture of crystalline
silicon solar cells, as well as coating systems and technological support
for the manufacture of thin film solar modules. Roth&Rau MicroSystems, a
subsidiary located in the Wüstenbrand district, develops and produces
process systems for plasma and ion beam enhanced thin film and surface
processing methods tailored to customers' specific needs. The customers
served by this division particularly include companies in the semiconductor
industry, R&D departments in various other industrial sectors, research
institutes and universities. The portfolio of the Roth&Rau Group is
supplemented by software products in the field of systems management,
production monitoring and maintenance and service offerings.
Contact:
Roth&Rau AG
Dr. Silvia Roth
Tel.: +49 (0) 3723/6685-333
E-mail: investor(at)roth-rau.de
Haubrok Investor Relations GmbH&Co. KG
Simone Cujai
Tel.: +49 (0) 211/171835-37
E-mail: s.cujai(at)haubrok.de
End of Corporate News
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16.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Roth&Rau AG
An der Baumschule 6-8
09337 Hohenstein-Ernstthal
Deutschland
Phone: 03723 6685-0
Fax: 03723 6685-100
E-mail: info(at)roth-rau.de
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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124760 16.05.2011
Datum: 16.05.2011 - 09:17 Uhr
Sprache: Deutsch
News-ID 34106
Anzahl Zeichen: 0
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Kategorie:
Business News
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