Constantia Packaging - shareholders will be reconciled with €47

Companies ♦ Published: July 20, 2010; 00:00 ♦ (Vindobona)

The new owners of Constantia Packaging make cash payment of €47 ($60.61) per share to its minority shareholders.

Constantia Packaging - shareholders will be reconciled with €47 / Picture: © Vindobona.org

The compensation for the planned squeeze-out is well above the minimum value of the takeover commission.

The new owners of Constantia Packaging make cash payment of €47 ($60.61) per share to its minority shareholders. The takeover commission assigned a lower cap of €38.83 ($50.07) a week ago.

At the request of the main shareholder Sulipo a board meeting is still to…