Aryzta AG : Federal Court, Lausanne rules in favour of ARYZTA AG
03/26/2012| 01:56am US/Eastern
Zurich / Switzerland, 26 March 2012
The Federal Court (Bundesgericht), Lausanne, has ruled in
favour of ARYZTA AG ("ARYZTA") and dismissed the
appeal brought by Peter J. Lehner & Partner AG
("Lehner") against the decision of the Commercial
Court of the Canton of Zurich (Handelsgericht des Kantons
Zurich) dismissing Lehner's claim and ruling in favour of
Lehner's legal action involved a challenge to the
validity and fairness of the exchange ratio applied in the
combination of the former Hiestand Holding AG and IAWS Group
plc under ARYZTA AG.
ARYZTA has consistently maintained that the claim was without
merit and the decision of the Federal Court brings the
proceedings to a conclusion.
Tel. +41 (0) 44 583 42 00
This press release was issued by Aryzta AG and was initially posted at http://www.iaws.ie/news-and-media/result-page.aspx?ResultPageURL=http://cws.huginonline.com/A/142194 /PR/201203/1596887.xml . It was distributed, unedited and unaltered, by noodls on 2012-03-26 07:33:53 AM. The issuer is solely responsible for the accuracy of the information contained therein.