Home » Economy » Schaffner Delisting News: Latest Updates and Impact on Stock Market

Schaffner Delisting News: Latest Updates and Impact on Stock Market

by Alexandra Hartman Editor-in-Chief

2023-12-14 17:33:03

Zurich (awp) – Schaffner announced Thursday following the stock market close that it had filed a delisting request with SIX Exchange Regulation (SER), in accordance with the resolution adopted by its shareholders at a general meeting held a week ago to the day.

The delisting will be effective once a final judgment on the cancellation of the Schaffner shares not held by the buyer Tyco Electronics (TE) Connectivity at the end of its public purchase offer, i.e. 1.3%, has been pronounced by the “competent body,” specifies the Solothurn holding company in a press release.

Schaffner also obtained an exemption from various disclosure obligations in preparation for its delisting from the stock market regulator. The exemption applies from the publication of this ad hoc announcement.

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