A recent press release by Belgian glassmaker Glaverbel states that the company“s Board of Directors met on Tuesday, 8 January 2002 to formulate the opinion that it must give to the Banking and Financ…
A recent press release by Belgian glassmaker Glaverbel states that the company“s Board of Directors met on Tuesday, 8 January 2002 to formulate the opinion that it must give to the Banking and Finance Commission concerning the public tender offer announced by Asahi Glass on 19 December 2001 for the Glaverbel S.A. shares, convertible bonds and stock options. In its decision of 20 December, the Commission had previously extended the deadline for the opinion to Tuesday 15 January 2002. Petercam, the investment bank retained by the Board, has rendered a positive fairness opinion on the price of Euro 145 per share offered by Asahi, and on the prices offered for the convertible bonds (Euro 3,641.53) and the stock options. Certain directors formulated remarks on the draft prospectus and some aspects of the valuation. They expected to submit a written report to the Board on Monday, 14 January, which would be attached to the opinion which the Board was to submit to the Banking and Finance Commission and to Asahi Glass by Tuesday, 15 January.