Ms Stefanie Maurer

Stefanie Maurer


Corporate Finance/M&A

Valuation of privileged voting shares in a public offer
Switzerland | 13 July 2016

The Takeover Board has reviewed the methods of valuing different share categories of a target and the monetary value of additional covenants and obligations entered into by a shareholder. The decision is relevant for the interpretation of similar provisions under the Merger Act, requiring equal treatment of shareholders in the context of a merger, demerger or conversion.