TITLE

Schering shareholders fight on

AUTHOR(S)
Gibson, Jane
PUB. DATE
January 2007
SOURCE
ICIS Chemical Business;1/22/2007, Vol. 2 Issue 50, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that with a 96.2% majority, Bayer easily squeezed out the remaining Schering shareholders at an extraordinary general meeting. But some, unhappy with the size of the last offered €98.98/share pay out, vowed to sue for higher compensation. A representative of the shareholders' organization, Schutzgemeinschaft der Kapitalanleger cites that the squeeze-out will be much more expensive than Bayer expected Schering last traded at €100/share.
ACCESSION #
23977547

 

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