dormakaba seeks shareholder approval for opting-out bylaw amendment, takeover board says valid
Reuters2026/09/03 04:30- Dormakaba moved to amend its bylaws to add an opting-out clause from Switzerland’s mandatory takeover offer rules.
- Switzerland’s Takeover Board ruled the proposed clause is valid if transparency conditions are met and minority shareholders approve it.
- The ruling said the planned ownership-structure transaction would not trigger a mandatory offer obligation for the Mankel family shareholders.
- Kaba family shareholders must be counted as minority shareholders for the “majority of the minority” vote on the amendment.
- Fees tied to the decision total CHF 50,000, charged jointly to dormakaba and the involved shareholder groups.
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