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Wienerberger Builds Firewall Against Hostile Takeover

Published: April 13, 2012; 14:50 · (Vindobona)

The Austrian brick producer plans to lower the marginal value for takeover offers to 20%.

Wienerberger Builds Firewall Against Hostile Takeover / Picture: © Flickr

Wienerbergers´ free float is high, the share price is relatively low. Thus, the management fears that Wienerberger may face a hostile takeover. In order to prevent this scenario, Wienerberger wants its shareholders to vote for a lower marginal value for hostile takeovers. When reaching the 20% threshold, a binding offer to all other shareholders should be submitted.

The Austrian…

This article includes a total of 171 words.

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