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Jerini AG Receives Request for Transfer of Minority Shareholders' Shares in Jerini AG to Shire Deutschland Investments GmbH



12/16/2008 12:01:19 PM

BERLIN, Germany, Dec. 16, 2008 (GLOBE NEWSWIRE) -- The Management Board of Jerini AG (FSE:JI4) has received a formal request, according to section 327a of the German Stock Corporation (AktG), from Shire Deutschland Investments GmbH, an indirect subsidiary of Shire plc, (formerly Shire Limited) with registered offices in Frankfurt am Main, to pass a resolution at Jerini's General Shareholders' Meeting calling for the transfer of shares held by Jerini's minority shareholders to Shire Deutschland Investments GmbH (so-called "Squeeze Out"). As compensation, minority shareholders will receive payment of adequate cash compensation from Shire Deutschland Investments GmbH.

Read at GlobeNewswire


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