08 September 2017

Schlumberger AG: squeeze-out entered into the commercial register

by Martin Arendts, Attorney-at-law (Rechtsanwalt)

The squeeze-out of the remaining minority shareholders in favor of the main shareholder Sastre Holding had been resolved at the 31st Annual General Meeting of Schlumberger AG, Vienna, which is primarily known as a sect producer. After the entry of this resolution in the commercial register, the Schlumberger shares of the mionority sharholders were now booked out.

Sastre (a vehicle of the Paulsen Familiae Foundation) pays the minority shareholders a cash compensation of EUR 26.00 per ordinary share and EUR 18.50 per preference share. This corresponds to the prices of the public takeover offer from December 2016, which ran until 16 March 2017.

The appropriateness of the amounts offered will be checked in a judicial review procedure.

No comments:

Post a Comment