News, Deals & Cases
Recent Financial Market Transactions and Updates.
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IPO of Stadler
Stadler Rail AG, a leading global pure-play producer of rolling stock and related systems, successfully priced its IPO and listed its shares on the SIX Swiss Exchange. The offering consisted of 35,000,000 shares with an over-allotment option of 5,250,000 shares, all of which were offered (directly and indirectly) by Peter Spuhler.
Reference: CapLaw-2019-19 -
IPO of Medacta
On 4 April 2019, Medacta Group SA, a pure play orthopaedics company, opened the IPO-season 2019 at SIX Swiss Exchange with the first day of trading of its shares. The shares of Medacta were priced at CHF 96.00 per share and on 3 May 2019, Medacta announced that the Joint Global Coordinators (Credit Suisse and…
Reference: CapLaw-2019-20 -
Spin-off of Novartis’ Alcon Business and Listing of Alcon Shares on the SIX and the NYSE
Alcon Inc., the largest eye care device company in the world, with complementary businesses in surgical and vision care, announced its debut as an independent, publicly traded company and the completion of its separation from Novartis on 9 April 2019, the day the company’s shares began trading on the SIX Swiss Exchange and New York…
Reference: CapLaw-2019-21 -
Spin-off of Alcon
Today, Novartis AG completed the spin-off of the Alcon eye care devices business, and Alcon Inc. debuted as independent publicly traded company. The Alcon shares were successfully listed on the SIX Swiss Exchange Ltd. and the New York Stock Exchange. They are also included in the Swiss Market Index (SMI), which comprises the 20 largest…
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Liberty Global to sell its Swiss operation, UPC Switzerland, to Sunrise
On 27 February 2019, Liberty Global plc (Liberty Global) (NASDAQ: LBTYA, LBTYB AND LBTYK) announced that it has reached a binding agreement to sell its Swiss operation, UPC Switzerland, to Sunrise Communications Group AG (Sunrise) (SIX: SRCG). At 31 December 2018, UPC Switzerland’s network passed 2.3 m homes and served 1.1 m customers. Liberty Global…
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Oerlikon completes the divestment of its Drive Systems Segment to Dana
On 28 February 2019, Oerlikon (SIX: OERL), a leading technology and engineering group, completed the divestment of its Drive Systems Segment to Dana Incorporated (NYSE: DAN) for an enterprise value of CHF 600 m, which is approximately the same amount of cash proceeds expected from the sale. Based on nearly 100 years of experience, Oerlikon…
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ASSA ABLOY acquires controlling stake in agta record
ASSA ABLOY AB (publ), the largest global supplier of intelligent door opening solutions listed on Stockholm Stock Exchange, indirectly acquired a 54% controlling interest in agta record ag. The share price per agta record share is EUR 70. The transaction value amounts to approx. EUR 933m. Agta record group is one of the top players…
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Gyrus to acquire DuPont Sustainable Solutions (DSS)
On 25 February 2019, Gyrus 1 LP, a Guernsey limited partnership acting through its general partner, Gyrus GP Guernsey Limited (Gyrus), announced that it has signed an agreement with E. I. du Pont de Nemours and Company and other selling subsidiaries of the group (DuPont) to acquire the DuPont Sustainable Solutions (DSS) business, which will…
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CMA CGM declares public tender offer for CEVA Logistics successful
On 28 January 2019, CMA CGM, the French shipping group, published a public tender offer for all publicly held registered shares of CEVA Logistics at an offer price of CHF 30 per share. On 19 March 2019, after the end of the acceptance period, CMA CGM announced the interim result of the public tender offer…