Lupfig, 17 July 2008 - The Swiss Takeover Board has approved the method chosen by Hiestand Holding AG and the Irish company IAWS Group plc to merge the two companies, subject to approval by the respective general meetings of Hiestand and IAWS.
In a statement it said that from its point of view all the relevant conditions and criteria had been met, meaning that the combination between Hiestand Holding AG and IAWS Group plc could go ahead as planned.
From the Swiss perspective all the formal requirements for the combination of Hiestand and IAWS under the umbrella of Swiss-based Aryzta AG have therefore been fulfilled.
IAWS's extraordinary general meeting of shareholders takes place on 24 July 2008.
Hiestand's Board of Directors recommends to shareholders that they approve the merger with Aryzta at the extraordinary general meeting on 19 August 2008.