Change of control and defense measures
Change of control and defense measures
According to the Swiss Stock Exchange and Securities Trading Act, an investor who acquires 33 1⁄3% or more of all voting rights in the Company has to submit a take-over offer for all shares outstanding.
The Company has not elected to change or opt out of this rule. There are no change of control clauses in the appointment letters of the members of the Board or in the employment contracts of the Executive Committee.