Change of control and defensensive measures (copy 1)
Obligation to submit an offer
The legal provisions in terms of Art. 22 BEHG (Bundesgesetz über die Börsen und den Effektenhandel – Swiss Exchanges and Securities Trading Act) are applicable. This states that a shareholder or a group of shareholders acting in concert who hold more than 33 1⁄3 % of all shares must submit a takeover offer to the other shareholders.
Change of control clauses
There are no change of control clauses in contracts of employment and office.
Corporate Governance 2011 (English/PDF/2.5MB)
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