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.