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BRIEF-Altin says merger talks with Alpine Select completed
November 17, 2017 / 7:25 AM / 24 days ago

BRIEF-Altin says merger talks with Alpine Select completed

Nov 17 (Reuters) - ALTIN AG:

* SAID ON THURSDAY MERGER TALKS WITH ALPINE SELECT LTD. COMPLETED

* INDEPENDENT BOARD MEMBERS CONSIDER THE COMPENSATION OF $11.50 PER ALTIN SHARE AS FAIR AND APPROPRIATE

* SIGNED A MERGER AGREEMENT WITH ABSOLUTE INVEST ON 16 NOVEMBER 2017

* SUBJECT TO APPROVAL BY AT LEAST 90 PCT OF THE VOTING SHARES, THIS AGREEMENT FORESEES AN ABSORPTION BY MERGER OF ALTIN BY ABSOLUTE INVEST

* UPON COMPLETION OF THE MERGER, ALTIN WILL BE DISSOLVED WITHOUT LIQUIDATION

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Further company coverage: (Gdynia Newsroom)

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