Source: Oberthur Technologies
On September 22nd 2008, the Board of Directors of Oberthur Technologies has been informed of the terms and conditions of the proposed tender offer on the shares of the company initiated by Francois-Charles Oberthur Fiduciaire which was filed with the French stock market authority on September 23rd 2008.
It approved the appointment of AA Fineval, as an independent expert, that occurred on August 29th 2008, pursuant to the recommendation of the audit committee of Oberthur Technologies, which had been confidentially informed of the proposed transaction. It was provided with the report of the independent expert which concludes: "the price of 6.70EUR per share offered in the proposed tender offer and, as the case may be, in the squeeze-out is fair to minority shareholders."
The Board of Directors will meet again on September 29th 2008 to issue a motivated opinion as to the merits of the offer for the Company, its shareholders and its employees.