Deadline in takeover battle extended

Deadline in takeover battle extended

Japanese Toyota Machinery had planned today to submit the official papers for the takeover of Swiss Uster Technologies

According to a press release by Uster Technology there will be a delay for the public Toyota tender offer granted by the Swiss Takeover Board. Uster’s Board of Director supports this delay and the independent Board members continue to recommend that the shareholders await the announced Toyota offer and the following communication from Uster® pior to undertake any action.

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