BHS TABLETOP AG BHS Verwaltungs AG agreed to acquire remaining 5.6% stake in BHS tabletop AG (DB:HUL) for €1.9 million on April 2, 2020. Under the terms of transaction, cash compensation for squeeze out merger is set at €9.83. Post completion, BHS Verwaltungs AG will hold 100% stake of BHS tabletop AG.
The merger will have no effect on the employees and the underlying structure: employment contracts, company agreements and employees' representatives will remain unchanged, along with the administration headquarters in Selb. The same applies to the Executive Board and Supervisory Board. The governing bodies of BHS tabletop AG will continue to exist in their current structure.
BHS tabletop shares can continue to be traded on the stock exchange until the squeeze-out merger has been entered in the commercial register. The listing on the stock exchange will then be discontinued.
