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The Managing Board and the Supervisory Board of Süd-Chemie AG have published their joint statement on the takeover offer made to Süd-Chemie AG shareholders by Clariant Verwaltungsgesellschaft mbH and on the offer document published on 17 May 2011. Applying various valuation methods, the Managing Board and the Supervisory Board of Süd-Chemie AG have evaluated the compensation amounting to €126.38 per Süd-Chemie share offered by the bidder, giving due consideration to both corporate and market aspects. The Managing Board and Supervisory Board were advised by the WestLB AG bank in Düsseldorf which submitted a fairness opinion on the bid. Based on the analyses carried out, both the Managing Board and the Supervisory Board reach the conclusion in their joint statement that from a financial point of view, the amount of €126.38/share offered by the bidder, represents reasonable compensation.
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