Brief: Altin says merger talks with Alpine Select completed

Alpine Select AG

17/11/2017 07:23

Nov 17 (Reuters) - ALTIN AG  ALTN.S : 
    * SAID ON THURSDAY MERGER TALKS WITH ALPINE SELECT LTD. 
COMPLETED 
    * INDEPENDENT BOARD MEMBERS CONSIDER THE COMPENSATION OF 
$11.50 
PER ALTIN SHARE AS FAIR AND APPROPRIATE 
    * SIGNED A MERGER AGREEMENT WITH ABSOLUTE INVEST ON 16 
NOVEMBER 
2017 
    * SUBJECT TO APPROVAL BY AT LEAST 90 PCT OF THE VOTING 
SHARES, 
THIS AGREEMENT FORESEES AN ABSORPTION BY MERGER OF ALTIN BY 
ABSOLUTE INVEST  
    * UPON COMPLETION OF THE MERGER, ALTIN WILL BE DISSOLVED 
WITHOUT 
LIQUIDATION 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL1TJWDs 
     
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