Merger Notification - Announcement according to § 10 Cartel Act

Schweitzer-Maudit International, Inc.; Neenah, Inc. - BWB/Z-5959 | Bundeswettbewerbsbehörde

Schweitzer-Maudit International, Inc.; Neenah, Inc.

BWB/Z-5959

11.05.2022

On 11.05.2022 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Schweitzer-Mauduit International, Inc., a stock-listed producer of specialty paper and performance materials with business seat in Alpharetta, Georgia, USA, and Neenah, Inc., a stock-listed manufacturer of specialty paper and performance materials with business seat in Alpharetta, Georgia, USA, intend to combine in an all-stock merger of equals. SWM shareholders will own approximately 58 percent of the combined company, and Neenah shareholders will own approximately 42 percent of the combined company, in each case, on a fully diluted basis. 

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 08.06.2022.

Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.

Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.

Non-prohibition of the merger

The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 09.06.2022 .

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