SIX Swiss Exchange has approved Micronas’ request to delist its registered shares (securities identification no. 1 233 742) upon completion of the intended merger with the Swiss subsidiary of TDK Corporation.
Micronas, a TDK group company, and GLYN expand their partnership. From now on GLYN GmbH & Co. KG is franchise partner of Micronas GmbH for the distribution of Micronas products within the Europe, Middle East and Africa (EMEA) economic region.
ZURICH, Switzerland, April 21, 2016 – Following completion of the public takeover offer by TDK Magnetic Field Sensor G.K., Tokyo, for all publicly held registered shares of Micronas Semiconductor Holding AG, changes are planned on the Board of Directors of Micronas.
On Friday, April 15. 2016, the operational headquarters of Micronas in Freiburg, a TDK group company, was SISTA certificated by the insurance company SV SparkassenVersicherung (SV) for outstanding fire protection.
TDK Magnetic Field Sensor G.K. announced today that by the end of the additional acceptance period on March 1, 2016, 4:00 p.m. CET, based on preliminary figures, shareholders had tendered 26,153,857 Micronas shares, representing a success rate of 90.48 percent.
In the course of fiscal year 2015 it became apparent that 2015 would be a difficult year for Micronas. At CHF 134.4 million, the Company’s net sales for fiscal 2015 were higher than had been predicted in the press release of October 22, 2015, but were still 15 percent lower than the 2014 figure.
With the definitive interim result now available TDK Magnetic Field Sensor G.K. (the Offeror) confirmed today the success rate of 82.57 percent and declared the offer to be successful, subject to the satisfaction of certain offer conditions.
TDK Corporation announced today that by the end of the offer period on February 10, 2016, 4:00 p.m. CET, based on preliminary figures, shareholders had tendered 23,867,354 Micronas shares, representing a success rate of 82.57 percent.
Micronas today announced that it has been informed that all prerequisite approvals by the competent merger control authorities for the takeover of Micronas by TDK Corporation have been obtained without any condition or commitment.
Having announced TDK’s takeover offer on December 17, 2015, Micronas is obliged to prepare and publish an up-to-date interim report dated no more than six months prior to the end of the offer period (February 10, 2016).