Business News

SKion GmbH Makes a New, Improved Tender Offer for Acquisition of ALTANA Shares

Friday 23. October 2009 - Today SKion GmbH informed us about their decision to make a new, improved offer for the acquisition of shares in ALTANA AG (Pink Sheets:AAAGY) (FWB:ALT) (GER:ALT) and they have published this decision today according to § 10 section 1 of the Securities Acquisition and Takeover Act (German Wertpapiererwerbs- and Übernahmegesetz "WpÜG).

SKion offers to acquire the shares for a purchase price of € 14.- per share in an acceptance period that is expected to last from mid-November to mid-December 2009. SKion GmbH is currently holding approx. 91.7% of the shares in ALTANA AG. Mrs Susanne Klatten is the sole shareholder of SKion GmbH. She is also acting as Vice Chairwoman in the Supervisory Board of ALTANA AG.

In November 2008 SKion GmbH had already made a voluntary public offer for the acquisition of shares in ALTANA AG to the shareholders of ALTANA AG. On the basis of this voluntary offer and by means of further acquisitions of shares SKion GmbH had been able to continuously increase its shareholding in ALTANA AG. SKion GmbH is currently holding 124,788,843 of the 136,097,896 shares of ALTANA AG corresponding to the 91.7% of the total share capital. With SKion GmbH´s announcement for a voluntary purchase offer in November 2008 the ALTANA share price rose by approx. 38% from 9.39 up to the level of the former offered purchase price of € 13.- per share. Since that time the share price has constantly been within a narrow range around this offered purchase price.

The Management Board and the Supervisory Board of ALTANA AG will thoroughly examine, and comment on the acquisition offer upon publication of the offer document.