Deals & Cases

Public takeover offer for DDM Holding AG

28 May 2019 – On 17 December 2018, Demeter Finance Sarl announced a public cash offer to the shareholders of DDM Holding AG to acquire all outstanding shares in DDM Holding AG at a price of SEK 40.00 per share. DDM Holding AG is listed on Nasdaq Nordic (STO:DDM) but domiciled in Baar (Switzerland).

At the end of the extended acceptance period, shareholders representing a total of approx. 29.33% of the shares in DDM Holding AG had accepted the offer. Together with the shares in DDM Holding AG already held prior to the announcement of the offer, Demeter Finance’s shareholding in DDM Holding AG amounts to an aggregate of approx. 79.22% of the total number of shares in DDM Holding AG.

Walder Wyss has advised the Independent Bid Committee of the board of directors of DDM Holding AG with regard to all aspects of the offer under Swiss law. The Walder Wyss team was led by Urs P. Gnos (Partner, Corporate&MA) and Boris Räber (Managing Associate, Corporate/M&A).