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ALTANA Approves Squeeze Out Resolution

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

At the company’s annual general meeting in Duisburg, Germany, the shareholders of ALTANA AG have approved the transfer of the remaining shares to the company’s main shareholder SKion GmbH.
    
As of Feb. 2, 2010, SKion held 95.04 percent of the shares in ALTANA. The remaining shares will now 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.

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