OSA-Direct
Saturday, 29 Apr 2017

US President prohibits the acquisition of any part of Aixtron's US business

The Order defines the US business of Aixtron to include Aixtron Inc. and any asset of Aixtron used in, owed for the use in or benefit of, the activities in interstate commerce in the US of Aixtron Inc. (including U.S. patents and patent applications)

3 Dec 2016 | Editor

Aixtron has announced that the President of the United States issued an order (the "Order") on December 2, 2016 prohibiting the acquisition of the U.S. business of Aixtron SE (Aixtron) by Grand Chip Investment GmbH (GCI) or its parent companies and their partners, directly or indirectly.

The Order defines the U.S. business of Aixtron to include Aixtron Inc. and any asset of Aixtron used in, owed for the use in or benefit of, the activities in interstate commerce in the United States of Aixtron Inc. (including U.S. patents and patent applications).

The presidential order was limited to the U.S. business and did not prohibit the acquisition of Aixtron shares and ADSs by GCI.

The full text of the Order is accessible under: https://www.whitehouse.gov/briefing-room/presidential-actions.

The Bidder and Aixtron are evaluating the impact of the Order on the conditions to be fulfilled under the takeover offer and will coordinate with the German Federal Financial Supervisory Authority (BaFin) to examine the consequences of the Order on the takeover process.

www.aixtron.com   


About Aixtron

Source: Aixtron


login
cintelliq logo