Übersetzung für "Pflichtangebot" in Englisch

Following a mandatory bid, the consideration offered in the bid shall be presumed to be fair.

A mandatory offer would have applied starting from 30 percent only.

The Mandatory Offer will only be made if the Stock Purchase Agreement is consummated.

At the same time, a mandatory public offer was submitted to the Portuguese securities commission for the remaining shares in Fisipe.

No compulsory offer is stipulated when purchasing more than 30% of the outstanding share capital.

At the same time, a mandatory public offer will be submitted to the Portuguese securities commission for the remaining shares in Fisipe.

The Greek supervisor, the Hellenic Capital Market Commission, has decided that OTE is still undergoing a privatisation process and that, in consequence, no mandatory bid was necessary.

This principle normally implies that persons acquiring control of a listed company should launch a mandatory bid over the capital held by minority shareholders.

The concept of "acting in concert" is relevant for calculating whether the control threshold has been crossed and, consequently, whether an obligation to launch a mandatory bid has arisen.

Firstly, the concept of "acting in concert" could be clarified on EU level, in order to provide more legal certainty to international investors as to the extent to which they can cooperate with each other without being regarded as "acting in concert" and running the risk of having to launch a mandatory bid.

The Takeover Act obliges an acquirer of more than 30 % of the target company’s shares to announce a mandatory offer for all of the target company’s equities within 20 days of crossing the threshold (Section 22 of the Takeover Act).

From January 1998 these conditions will be made more stringent in that a compulsory bid must be made when only a numerical majority is secured.

However, the German code is not recognised by certain important companies which do not accept that, under the German code, a compulsory bid must be made when a shareholder acquires the majority of the voting rights.

The downgrading of the share without a mandatory offer by the company or by its main shareholder that can be reviewed in valuation proceedings, which is at issue here, is also constitutionally unobjectionable.

Lifemotion S.A. shall notify the Takeover Commission of a mandatory bid within the statutory period of 20 trading days under section 22 (1) ÜbG.

The Board of Management informs that shareholders who accept the public tender offer after the ex-day will receive the amount minus the dividend, that is Euro 14,46, as compensation.

The potential mandatory Offer referred to in this press release, will, if launched, not be made to persons whose participation in such Offer requires that any additional offer document is prepared or registration effected or that any other measures are taken in addition to those required under Swedish law.

If an offeror – following a takeover bid or mandatory offer – holds at least 95 percent of the voting share capital, ordinary shareholders of the target company may accept the offer within three months after the end of the acceptance period.

This right requires that a mandatory offer be made to minority shareholders to fully compensate them for the loss of the transferability of their shares and that it must be possible to subject the appropriateness of the amount of such offer to judicial review.

Furthermore, in its Macrotron decision from 2002, the Federal Court of Justice (Bundesgerichtshof – BGH) observed the bounds of further development of the law by judges (Decisions of the Federal Court of Justice in Civil Matters (Entscheidungen des Bundesgerichtshofes in Zivilsachen – BGHZ 153, 47), in which it demanded that the minority shareholders be made a mandatory offer for a takeover of their shares or be paid a compensation for the loss of the share’s increased transferability resulting from the stock exchange listing, and that it must be possible to review the offer in valuation proceedings.

The Executive Board of Parsytec expects a mandatory compulsory offer from ISRA in the next few weeks, and will issue a recommendation to its shareholders after a thorough examination.

The transaction is also subject to clearance from relevant regulatory authorities, including foreign investment clearance in France and anti-trust authorities as well as the confirmation by the French capital market authority (AMF) that no mandatory takeover offer has to be launched by Siemens following completion of the contribution.

Once the merger control authorities have approved the transaction, it is the purchasing company's intention to make Grammer AG's outside shareholders a statutory offer of € 12.50 per share in accordance with section 16 of the Takeover Code.

The closing of the acquisition is expected to trigger a mandatory takeover offer for all shares of ACCENTRO pursuant to the German Securities Acquisition and Takeover Law, unless the buyer launches a qualifying voluntary tender offer for all shares of ACCENTRO. Â For enquiries, please contact:

HeidelbergCement will then propose a public mandatory offer to the remaining shareholders for the acquisition of their shares in return for a cash payment.