Home / Knowledge / News / Textiles / Final result of Metso's acquisition of Tamfelt
Final result of Metso's acquisition of Tamfelt
Dec '09
According to the final result of the share exchange offer, the shares tendered in the share exchange offer represent 98 percent of all the shares and votes in Tamfelt (including shares already owned by Metso). All of the stock options were tendered in the share exchange offer.

The offer period in the share exchange offer by Metso Corporation for all issued and outstanding shares and stock options of Tamfelt Corp. expired on December 18, 2009. Metso announced on December 21, 2009 that it will complete the share exchange offer, subject only to the amendment to the articles of association of Tamfelt being registered with the Trade Register. The amendment to the articles of association of Tamfelt has been registered with the Trade Register on December 22, 2009.

All the conditions to completion of the share exchange offer have been fulfilled and, consequently, Metso will complete the share exchange offer in accordance with its terms and conditions preliminarily today, December 23, 2009, with respect to all of those holders of shares and stock options of Tamfelt who have validly accepted the share exchange offer and who have not validly withdrawn their acceptance. The completion trades of the shares will be settled preliminarily on December 28, 2009.

Metso's intention is to acquire all the shares of Tamfelt. As Metso has acquired more than nine-tenths (9/10) of all the shares and votes conferred by them, Metso will present to Tamfelt shareholders a redemption demand in accordance with the Finnish Companies Act. Accordingly, those shares which have not been exchanged in the share exchange offer will be redeemed in the manner prescribed in the Finnish Companies Act.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries.

Tamfelt is one of the world's leading suppliers of technical textiles. The company's main products are paper machine clothing and filter fabrics. Founded in 1797, the company is one of the pioneers of Finnish industry.

Tamfelt Oyj

Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search