LEVERKUSEN, Germany, June 15 /PRNewswire/ -- Dritte BV GmbH’s (the “Bidder”) public offer (the “Offer”) for all outstanding bearer shares with no par value (the “Shares”) of Schering Aktiengesellschaft (“Schering”), including Shares represented by American Depositary Shares (“ADSs”), expired on June 14, 2006 at 24:00 hours Frankfurt time / 6:00 p.m. New York City time. The terms of the Offer required that at least 75% of the 191,000,875 Shares (194 million issued and outstanding Shares less 3,554,500 treasury Shares plus 555,375 Shares that could be issued pursuant to outstanding options), or 143,250,656 Shares, be validly tendered and not withdrawn at the end of the acceptance period. Due to the procedures involved in calculating the number of Shares tendered, the Bidder does not expect to be able to make an announcement regarding the result of the Offer until Thursday, June 22, 2006. Holders of tendered Shares, including Shares represented by ADSs, will not have any withdrawal rights during this period.
