businesspress24.com - Preliminary result of Outotec's mandatory public tender offer for Larox shares
 

Preliminary result of Outotec's mandatory public tender offer for Larox shares

ID: 1009374

(Thomson Reuters ONE) - OUTOTEC OYJ  STOCK EXCHANGE RELEASE, JANUARY 25, 2010 AT 3.15 PMPreliminary result of Outotec's mandatory public tender offer for Larox sharesThe offer period under the mandatory public tender offer by Outotec Oyj("Outotec") for all the series A and B shares issued by Larox Corporation("Larox"), which are not in the ownership of Outotec or which Larox does notown, as well as for the unused subscription rights relating to the 1994 bonusissue by Larox (the "Subscription Rights")(the "Tender Offer") expired onJanuary 22, 2010.According to the preliminary result of the Tender Offer, the shares tendered inthe Tender Offer, together with the Larox shares already owned by Outotec,represent approximately 98.4% of all the Larox shares and approximately 99.7% ofall the votes attached to the Larox shares. All the remaining Larox series Ashares have been tendered in the Tender Offer. According to the preliminaryresult of the Tender Offer, 28 Subscription Rights, which entitle to subscribefor a total of 30 Larox shares, have been tendered in the Tender Offer.Outotec's intention is to ac quire all the Larox shares. Outotec may thuspurchase Larox series B shares also in public trading on NASDAQ OMX Helsinki orotherwise at a price not exceeding the offer price for the shares, which is EUR9.56 in cash (or alternatively 0.40 Outotec shares) for each Larox series Bshare. Outotec may also purchase Subscription Rights at a price which does notexceed the Subscription Right offer price, which is EUR 11.47 in cash for eachSubscription Right.The final result of the Tender Offer will be confirmed and announced on or aboutJanuary 27, 2010.Outotec OyjBoard of DirectorsFor further information, please contact:OUTOTEC OYJPertti Korhonen, CEO, tel. +358 20 529 211Vesa-Pekka Takala, CFO, tel. +358 20 529 211, +358 40 570 0074Rita Uotila, VP - Investor Relations, tel. +358 20 529 2003, +358 400 954 141Eila Paatela, VP - Corporate Communications, tel. +358 20 529 2004, +358400 817 198e-mails: firstname.lastname(at)outotec.com DISTRIBUTIONNASDAQ OMX HelsinkiMain mediawww.outotec.com [HUG#1376826]




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Datum: 25.01.2010 - 08:16 Uhr
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