Schuler Recommends Accepting Takeover Bid by Andritz

Business › n.a. ♦ Published: July 12, 2012; 17:03 ♦ (Vindobona)

The Board of Management and the Supervisory Board of the German engineering company recommend that shareholders accept the takeover bid issued by Andritz. A Bid price of € 20.00 per share is deemed to be fair.

Schuler Recommends Accepting Takeover Bid by Andritz / Picture: © Andritz

The Board of Management and Supervisory Board of the Schuler AG are unanimously recommending that the shareholders accept the takeover offer put forward by the Andritz Group, an Austrian technology company. Both bodies feel that the price offered, at € 20.00 per share, is appropriate in financial terms. This was announced by the Board of Management and Supervisory Board for the…

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Andritz, M & A, Equity Markets, Engineering Industry, Germany
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