Swiss Steel Holding AG: appeal against the Swiss Takeover Board's decision of 5 March 2021
FINMA's Takeover and State Liability Committee is examining the appeal against the Swiss Takeover Board's decision 750/02 of 5 March 2021 regarding Swiss Steel Holding AG (formerly Schmolz+Bickenbach AG).
In its decision 750/02 of 5 March 2021 regarding Swiss Steel Holding AG (formerly Schmolz+Bickenbach AG) the Swiss Takeover Board rejected a request from Liwet Holding AG pursuant to which it was to be held that Martin Haefer / BigPoint Holding AG could not invoke the exception from the duty to make a public tender offer based on the decision of the Swiss Financial Market Supervisory Authority FINMA of 6 December 2019. Additionally, the Swiss Takeover Board made statements with respect to the minimal price of a potential public tender offer by Martin Haefner / BigPoint Holding AG (see Swiss Takeover Board's news of 8 March 2021).
Liwet Holding AG has filed an appeal against this decision. FINMA's Takeover and State Liability Committee is now examining the appeal.
