Definitive interim result: SCOR owns 86.07% of Converium
The initial tender period of SCOR’s public offer for Converium Holding AG’s (“Converium”) publicly held shares (“the Offer”) was closed on July 9, 2007.
The initial tender period of SCOR’s public offer for Converium Holding AG’s (“Converium”) publicly held shares (“the Offer”) opened on June 12, 2007 and was closed on July 9, 2007. Definitive results of this initial tender period indicate that 77,937,316 Converium shares have been tendered to the Offer, i.e. 53.13% of Converium issued shares. Together with the 48,320,350 Converium shares already owned by the SCOR Group, SCOR would hold 86.07% of Converium’s share capital in the aggregate at the end of this initial tender period.
Pursuant to applicable Swiss laws and regulations, Converium shareholders can still accept the Offer under the same terms and conditions during the additional acceptance period, which opens today and will be closed on July 26, 2007 at 4pm. Subject to the conditions subsequent set forth in the Offer prospectus published on April 5, 2007, as amended on June 12, 2007, the settlement and delivery of the Offer is scheduled to take place on August 8, 2007.