Clearance by competent merger control authorities of takeover of Micronas by TDK
ZURICH, Switzerland, February 8, 2016 – Micronas today announced that it has been informed that all prerequisite approvals by the competent merger control authorities for the takeover of Micronas by TDK Corporation have been obtained without any condition or commitment.
In accordance with the timetable set out in TDK's offer prospectus, the offer period is scheduled to end on February 10, 2016, 4:00 p.m. CET. The provisional and definitive notices of the interim results of TDK's public tender offer are expected to be published in the electronic media on February 11, 2016 and February 16, 2016, respectively.
About Micronas
Micronas (SIX Swiss Exchange: MASN) the most preferred partner for sensing and control serves all major automotive electronics customers worldwide, many of them in long-term partnerships for lasting success. While the holding company is headquartered in Zurich (Switzerland), operational headquarters are based in Freiburg (Germany). Currently, the Micronas Group employs around 900 persons.
For further information
Susy Krucker
Investor Relations
Phone: +41 44 445 39 60
E-mail: investor@micronas.com