Higher offer

 
Company III The Behr Bircher Cellpack BBC Group has increased and specified its takeover bid for the Baumgartner Holding AG Group, Crissier. BBC wants to merge Baumgartner Holding, which is active in the flexible packaging sector, with its packaging subsidiary Cellpack Packaging. The offer price has been increased to CHF 460 per Baumgartner share. The Baumgartner Board of Directors also considers this price to be too low. The Baumgartner Board of Directors intends to submit a report on the offer by April 15. Negotiations on the takeover of two companies in the flexible packaging sector are also being actively pursued. According to the Board of Directors, the two companies would strengthen the Group's position on the European market and improve profitability.