Product category: Capacitors
News Release from: Kemet Electronics Corp
Edited by the Electronicstalk Editorial Team on 10 April 2007
Ruling clears the
way for Evox acquisition
The German competition authority has approved Kemet's acquisition of Evox Rifa Group through its wholly owned direct subsidiary, Kemet Electronics Corp
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Kemet has now received all necessary regulatory approvals for the implementation of the tender offer. As of 3rd April 2007, the public tender offer has been accepted by shareholders representing approximately 81% of the shares and votes in Evox Rifa and by loan note holders holding approximately 83% of the convertible capital loan notes issued by Evox Rifa.
The offer period will expire on 12th April 2007, unless the offer period is extended or discontinued in accordance with the terms and conditions of the tender offer.
'We are very pleased to have achieved this important milestone with respect to the acquisition of Evox Rifa Group, and look forward to a successful completion of the tender offer in the next few weeks', stated Per Loof, Chief Executive Officer.
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