Brief: Altin in merger talks with Alpine Select

Alpine Select AG

09/11/2017 07:26

Nov 9 (Reuters) - ALTIN AG  ALTN.S : 
    * SAID ON WEDNESDAY BOARD OF DIRECTORS OF ALPINE SELECT LTD. 
HAS 
SUBMITTED A MERGER PROPOSAL TO THE BOARD OF DIRECTORS OF ALTIN 
LTD., AND THE COMPANIES HAVE ENTERED INTO MERGER NEGOTIATIONS 
    * ALTIN LTD. IS TO MERGE WITH ABSOLUTE INVEST LTD., A WHOLLY 
OWNED 
SUBSIDIARY OF ALPINE SELECT LTD., WHEREBY ABSOLUTE INVEST LTD. 
WILL BE THE SURVIVING COMPANY 
    * AS THE MERGER IS INTENDED TO EFFECTUATE A SQUEEZE OUT, 
MINORITY 
SHAREHOLDERS OF ALTIN LTD. SHALL RECEIVE A CASH PAYMENT AS 
MERGER CONSIDERATION 
    * PROPOSED CONSIDERATION IN THE AMOUNT OF USD 11.50 PER 
ALTIN 
SHARE 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL1609c6 
     
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