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Meyer Burger Technology AG — M&A Activity 2011
Nov 8, 2011
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M&A Activity
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Ad-hoc | 8 November 2011 11:42
Roth & Rau AG: Meyer Burger discontinues preparations for control and/or profit transfer agreement
Roth & Rau AG / Key word(s): Miscellaneous
08.11.2011 11:42
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Roth & Rau AG: Meyer Burger discontinues preparations for control and/or
profit transfer agreement
Hohenstein-Ernstthal, 8 November 2011 - The Management Board of Roth & Rau
AG was today informed by Meyer Burger Technology AG that the preparations
for the intended control and/or profit transfer agreement between MBT
Systems GmbH as controlling company and Roth & Rau AG as dependent company
have been discontinued.
Information and Explaination of the Issuer to this News:
'Given the significant downturn in new orders in recent months and the
substantial losses incurred at Roth & Rau AG, we see Meyer Burger's
decision as an opportunity to focus even more closely on our strategic
realignment and targeted turnaround', commented Peter Frankfurter, CFO of
Roth & Rau AG.
The company will now be channelling all of its efforts into adapting its
cost and organisational structures as quickly as possible to secure a
rapid, sustainable improvement in its earnings and financial position.
Roth & Rau AG
Prof. Dr. Silvia Roth
Tel.: +49 (0) 3723/671-3333
E-mail: [email protected]
08.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Roth & Rau AG
An der Baumschule 6-8
09337 Hohenstein-Ernstthal
Germany
Phone: 03723 6685-0
Fax: 03723 6685-100
E-mail: [email protected]
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service