German window and door maker Weru AG and its majority shareholder, sector group TFB Fenster Holding GmbH, reached an out-of-court settlement with Weru minority shareholders, who opposed the decision o…
German window and door maker Weru AG and its majority shareholder, sector group TFB Fenster Holding GmbH, reached an out-of-court settlement with Weru minority shareholders, who opposed the decision of the general shareholders“ meeting on 27 July 2006 concerning the planned squeeze-out. The compensation payment for shareholders affected by the squeeze-out has been raised to EUR 263.48 (USD 344.94) a share, Weru said on 19 December 2006. Initially, TFB Fenster Holding set the compensation payment for Weru“s minority shareholders at EUR 253.48 (USD 331.84) a share. Weru will enter the shareholders“ meeting decision, approving the squeeze-out, in the companies register as soon as possible, the company said.