Info
Info
News Article

Coherent Goes For 100% Of Lambda Physik

Coherent Holding is making a tender offer to the shareholders of Lambda Physik for the 39.6% (5.25mn) of the outstanding shares that Coherent does not already own. Lambda Physik produces excimer lasers used in deep ultraviolet lithography (KrF, ArF, F2). Coherent is offering EUR9.25 cash for each ordinary share of Lambda representing a premium of 46% over the closing price of Lambda shares on the Frankfurt Stock Exchange on April 17, 2003, and a premium of 71% over the last 30-day average closing price.
Coherent Holding is making a tender offer to the shareholders of Lambda Physik for the 39.6% (5.25mn) of the outstanding shares that Coherent does not already own. Lambda Physik produces excimer lasers used in deep ultraviolet lithography (KrF, ArF, F2).
Coherent is offering EUR9.25 cash for each ordinary share of Lambda representing a premium of 46% over the closing price of Lambda shares on the Frankfurt Stock Exchange on April 17, 2003, and a premium of 71% over the last 30-day average closing price.
The tender offer will be contingent upon Coherent obtaining 95% of Lambda's registered share capital (inclusive of shares already owned by Coherent) with the intention of a subsequent squeeze-out and de-listing. The management and supervisory boards of Lambda both support the offer.
Coherent has been the majority shareholder of Lambda since 1981. The official tender offer is expected to commence by the beginning of June 2003 following approval of the German federal financial supervisory authority and will remain open for six weeks thereafter. The formal completion of the entire transaction is expected by the end of July 2003.
New Innovation Set To Change Renewable Energy Market
Solar Power As Rental Offer Launched By Aggreko
FRV And Harmony Energy To Develop Second UK Utility Scale Battery Project
Greencoat Renewables Announces First Transaction In Nordic Market
Tandem PV Devices Feel The Heat
TLT Advises Innova Energy On £30m Refinancing Of 57 MW Solar Portfolio
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Sunstore Solar Launches WattGrid, A New Range Of Turnkey Off-grid Power Systems
Ingenious Invests In Electric Vehicle Charging Firm
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
TLT Advises Santander On 30MW Flagship Battery Storage Project
Low Carbon Develop UK’s Largest Community-owned Solar Park
UK'S Largest Battery Ready To Balance The Grid
NextEnergy Capital Acquires Its First Asset In Portugal 17.4MWp Solar PV Project
FIMER Powers UK Largest Rooftop Solar Project
Sharp Launches New 440W Half-cut Cell PV Panel
The Smarter E South America Postponed To October 18-20, 2021
SOLARWATT Links With Easy Roof To Provide Building-integrated PV For Better-looking Buildings And Smart EV Charging
UK Green Tech Company Myenergi To Double Workforce By 2021
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Everoze Creates Skyray To Design And Engineer Great Solar PV Projects
Sonnedix Named ESG Global Solar Power Generation Sector Leader By GRESB
Power Roll Trials Solar PV To Power Up Himalayan Villages
Habitat Enerdy Enters Balancing Mechanism With Largest Battery
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event