Elster has announced that a cash tender offer by Mintford AG, a wholly owned subsidiary of Melrose PLC, to acquire all outstanding ordinary shares and American depositary shares of Elster Group SE is now complete.
In June, Elster Group SE entered into a definitive agreement for Melrose PLC to acquire Elster.
On Aug. 24, following the tender offer, all members of the administrative board of Elster Group SE resigned from their office. Simon Beresford-Wylie also resigned as managing director and CEO, and Rainer Beaujean resigned as managing director and chief financial officer.
The local court of Essen, Germany, has appointed new members to the administrative board of Elster Group SE.
