Business

2011-12-19

Uster Board of Directors agrees to postponed publication of announced takeover offer by Toyota Industries (TICO)

The Board of Directors of Uster Technologies AG has noted and agrees to the decision by the Swiss Takeover Board to postpone the deadline of publication of the public tender offer by Toyota Industries Corporation for all publicly held shares of Uster Technologies AG.

Prior to this TICO had deferred their public offer to the end of January, but confirmed their proposition for the takeover. The reason are delays of the authorities for mergers and competition in different countries. 
 

The independent Board Members of Uster continue to recommend that shareholders do nothing for the time being about the announced offer from Toyota Industries Corporation, but to wait until the Board of Directors delivers its official response to this offer.
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