Merger at FLSmidth
The respective Boards of Directors of FLSmidth & Co. and Potagua FLS decided to carry out a taxable merger of the two companies with FLSmidth & Co. being the continuing company and Potagua FLS the discontinuing company. In connection with the merger the remaining shareholders in Potagua FLS will receive payment for their shares in Potagua FLS in the form of new FLSmidth & Co. shares based on the exchange ratio of 1:1.2122.
The Boards of Directors consider a merger between FLSmidth & Co. and Potagua FLS a natural continuation of the share exchange offer. The purpose of the merger is thus to finally end the present cross ownership between FLSmidth & Co. and Potagua FLS. Published under Cement News
