Roth & Rau’s management and supervisory boards have published a statement that publicises the company’s agreement with the proposed €22.00 per Roth & Rau share. This approval, required in order for the takeover by Meyer Burger to go ahead, signifies the support on the part of Roth & Rau’s management and supervisory boards of the takeover and their recommendation for other shareholders to accept the offer also.
The boards also indicated their support of the takeover strategy as proposed by Meyer Burger in respect to operations structuring and R&D activities. Furthermore, the commitment by Meyer Burger to maintain Roth & Rau as a German operating company as well as to guarantee no relocation or closure of the company in the medium term has been welcomed by Roth & Rau’s board members.
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Dr. Dietmar Roth, Prof. Dr. Silvia Roth and Dr. Bernd Rau have all sold their shares; management board members Dr. Paulus Breddels and Thomas Hengst have also already sold or intend to sell their shares to Meyer Burger Technology AG.
