Appraisal proceedings on merger squeeze-out at Odeon Film AG: County Court of Munich raises cash compensation to EUR 1.72 per share (+ 9.55 %)

by Martin Arendts, Attorney-at-law

In the appraisal proceedings regarding the merger squeeze-out at the former Odeon Film AG, the CountY Court of Munich raised the cash compensation to EUR 1.72 per Odeon share by decision of August 25, 2023. Compared to the cash compensation of EUR 1.57 offered to the minority shareholders, this corresponds to an increase of 9.55%.

The increase now awarded corresponds to the alternative calculation requested by the court from the auditor dated April 11, 2023, with an unlevered beta factor of 0.85 and a prime rate of 0.3% before personal typed taxes, see: https://spruchverfahren.blogspot.com/2023/04/spruchverfahren-zum-verschmelzungsrecht_21.html.

The respondent and the applicants may still appeal against the first-instance decision within one month of service.

Landgericht München I, decision of August 25, 2023, file no. 5 HK O 12034/21
Langhorst, K. et al. ./. LEONINE Licensing AG
68 applicants
joint representative: Dr. Tino Sekera-Terplan, c/o Kempter Gierlinger und Partner, 80799 Munich, Germany
Defendant's counsel: BAYER KRAUSS HUEBER Partnerschaft von Rechtsanwälte mbB, 80807 Munich, Germany