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Article: Sulzer Medica: Formation of Two Fully Independent Pure-Play Companies.
- Article from:
- PR Newswire
- Article date:
- March 9, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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InCentive's Attempt to Seek Control of the Board
At the AGM is Unacceptable -- Bid Far Too Low
WINTERTHUR, Switzerland, March 9 /PRNewswire/ --
At the annual press conference on March 9, 2001 Sulzer presented its concept of separating Sulzer and Sulzer Medica (NYSE: SM). The annual general meeting of Sulzer AG on April 19 is to decide upon the spin-off. This separation will result in two fully independent companies clearly focused on their respective core businesses. As has already been announced on February 23, Sulzer regards the public tender offer and related attempts to seek control of the board launched by InCentive Capital AG as ...