A-Tec Received Binding Offers from Investors

CompaniesTechnology ♦ Published: July 1, 2011; 11:00 ♦ (Vindobona)

Investors will need at least € 210m in order to fulfill the payout plan. Up to five potential buyers were still interested in an acquisition.

A-Tec Received Binding Offers from Investors / Picture: © Vindobona.org

A-Tec Industries AG today announced that it had received binding offers from investors within the end-June deadline. The offers would now be assessed by the management and supervisory boards, and the trustee in the interests of all stakeholders. The way was now open for fulfillment of the restructuring plan, the company emphasized.

According to trustee Norbert Abel, the buyer…