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Foundry Daily News

03. April 2007

Voestalpine Aims

to Buy Boehler-Uddeholm

Voestalpine Offers to Purchase Boehler-Uddeholm for $92 Per Share. 

Austrian steelmaker Voestalpine AG said Thursday it offered to buy Boehler-Uddeholm AG for euro69 (US$92) per share.

The public takeover offer is subject to the condition that Voestalpine AG acquires more than 50 percent of Boehler-Uddeholm's voting stock, the statement said.

At a news conference Thursday afternoon, Voestalpine Chief Executive Officer Wolfgang Eder suggested that the deal could be sealed by May 20, the Austria Press Agency reported.

"The management board of Boehler-Uddeholm AG has informed Voestalpine AG that it welcomes the decision of Voestalpine to launch a voluntary public takeover offer to the shareholders of Boehlher-Uddeholm AG," the statement said.

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