Altana: Annual General Meeting passes 'squeeze out' resolution

At the company's Annual General Meeting in Duisburg the shareholders of the specialty chemicals Group ALTANA AG have approved the transfer of the remaining shares to the company's main shareholder SKion GmbH. As of February 2, 2010, SKion holds 95.04 percent of the shares in ALTANA. Once the so called squeeze out, which has now been approved by the shareholders, has been entered into the Commercial Register, the remaining shares will be transferred to SKion in return for a cash compensation of €15.01 per share. Thereafter the trading of the ALTANA shares will be discontinued on the stock exchanges. ALTANA has been listed on the stock market for 33 years.

Furthermore, the Annual General Meeting has approved the dividend proposal made by the Management and Supervisory Boards. As a result, the shareholders receive a dividend of 4 cent per share for the past business year. The remaining income will be allocated to retained earnings.

More information: www.altana.com