News
05/19/2010
Heisse Kursawe Eversheds advised Körber AG on Squeeze-Out
Winkler + Dünnebier AG, based in Neuwied, completed the squeeze-out of its minority shareholders. On 30 April 2010, the Local Court of Montabaur entered the relevant transfer resolution to squeeze out the minority shareholders in the commercial register. Thus, its principal shareholder, the Hamburg-based manufacturer of precision machines Körber AG, now holds 100 per cent of Winkler + Dünnebier AG's share capital.
Under the direction of Dr. Sebastian Zeeck (Partner, Capital Market Law and Restructuring & Insolvency), a team of the international law firm Heisse Kursawe Eversheds (HKE) comprehensively advised Körber AG on the squeeze-out. The team also included Dr. Michael Reichard (Associate), Dr. Timo Holzborn (Counsel), Dr. Christian Hilpert, MBA (Associate) and HKE's Corporate Law Partner Dr. Stefan Diemer.
On 24 March 2010, the shareholders' meeting of Winkler + Dünnebier AG had resolved the squeeze-out of the minority shareholders, who will receive a cash compensation of 16.23 € per no-par-share. Winkler + Dünnebier AG is a worldwide leading manufacturer of machines for the production of paper and sanitary products. At the time of the squeeze-out, its market capitalization amounted to 102.42m €.
On the part of Körber AG, Dr. Rainer Linke, its Group General Counsel, was involved.
The Capital Market Law team of Heisse Kursawe Eversheds most recently advised, among others, Kepler Capital Markets.