Deals & Cases

Deals & Cases

May 2009

Aquamit B.V. announces Public Tender Offer for Quadrant AG

On May 4, 2009 Aquamit B.V., Amsterdam, published the pre-announcement for a public tender offer for all publicly held shares of Quadrant AG, Lenzburg. The offer price amounts to CHF 86 per share. The transaction is subject to a number of conditions, including an acceptance threshold of 66 2/3% of all Quadrant shares. The offer prospectus is expected to be published on June 2, 2009.

Aquamit B.V. is a newly established 50:50 joint venture owned by Mitsubishi Plastics, Inc., Tokyo, and a group of board members of Quadrant. Mitsubishi Plastics is a wholly-owned subsidiary of Mitsubishi Chemical Holdings Corporation, Tokyo, which is listed on the Tokyo Stock Exchange.

Lenz & Staehelin advises Mitsubishi Plastics, Inc. in this transaction. The team is led by Rudolf Tschäni and Hans-Jakob Diem and comprises Tino Gaberthüel and Sandra Zweifel (Corporate), Patrick Hünerwadel and Marcel Tranchet (Banking & Finance) as well as Marcel Meinhardt and Astrid Waser (Antitrust).

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