The ongoing process of Meyer Burger’s acquisition of Roth & Rau has been drawn out further, as the Antitrust Authorities of the Ministry of Commerce of the People’s Republic of China has found reason to extend the Chinese antitrust review process in the public tender offer.
This is the final obstacle to the cementing of the takeover, and is one of the prerequisite conditions of the completion of the sale. Although the duration of the extension is unclear, Meyer Burger’s executives are confident the bid will go ahead.
“We respect the decision of the Chinese antitrust authorities to extend the review. However, we have no information whatsoever that the authorities would have material concerns regarding the tender offer or the associated merging of the two companies. We are still convinced that Meyer Burger will successfully conclude the takeover of Roth & Rau AG,” commented Peter Pauli, CEO of Meyer Burger Technology Ltd.