LAROX CORPORATION COMPANY ANNOUNCEMENT 15.10.2009 11.45 am
Outotec has today announced by Stock Exchange Release the following:
Outotec has agreed with certain main shareholders of Larox Corporation
on share
transactions, in which they sell all their Larox series A and B
shares to
Outotec. The purchase price for the shares shall be paid in
the form of new
Outotec shares. Upon completion of the share
transactions, Outotec will make a
mandatory public tender offer for all the
remaining Larox series A and B shares.
The purchase price for such shares
will be paid in the form of new Outotec
shares. The shares to be
purchased correspond altogether to 94.40 per cent of
all the votes in
Larox, to 99.99 per cent of all Larox series A shares and to
61.89 per cent
of all Larox series B shares. The completion of the Share
Transactions
is conditional on the receipt of necessary approvals from the
competition authorities
Outotec stock exchange release can be read at www.outotec.com
Larox Corporation
Timo Vartiainen
Chairman of the Board
+ 358 400 552237
timo.vartiainen@larox.com
Distribution NASDAQ OMX Helsinki Ltd, Central
media
Larox develops, designs and
manufactures industrial filters and is a leading
technology company in its
field. Larox is a full service solution provider in
filtration for
separating solids from liquids. It supplies comprehensive
aftermarket
services throughout the lifespan of the Larox solution. Companies
world-wide in mining and metallurgy, chemical processing and related
industries benefit from the Larox technologies. Larox operates in over 40
countries and has about 600 employees. Larox has production facilities in
Finland and in China, and the Group is headquartered in Lappeenranta,
Finland.
Net sales in 2008 totaled 208.0 million euros, of which more than
93 % were
generated by exports and the company's foreign operations.
|