April 14, 2011

Voluntary public takeover offer values German solar power company at €350M.

Attorneys in Willkie’s Frankfurt office recently advised German solar power equipment company Roth & Rau AG on the voluntary public takeover offer from Meyer Burger Technology AG. The €22-per-share offer for all bearer shares, announced on April 11, 2011 and subject to approval by relevant antitrust authorities, represents a total acquisition value of approximately €350 million.

Meyer Burger Group is one of the world's leading providers of innovative systems and production lines for photovoltaics in the solar industry, as well as for the semiconductor and optics industries (LED).

Willkie advised Roth & Rau on the negotiation of the business combination agreement with Meyer Burger, the relevant aspects of capital markets, corporate and tax laws as well as on the general structure of the transaction and of the tender offer.

Dr. Michael Bernhardt (Corporate) led the Willkie team, which also included partner Dr. Patrick Meiisel (Tax), senior associate Dr. Markus Käpplinger (Corporate), and associates Heidi Landauer (Corporate) and Sabine Weber (Tax).