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Evotec AG (EVTG.F) Completes Squeeze-Out Process for DeveloGen AG


1/24/2012 9:25:08 AM

HAMBURG, Germany, Jan. 24, 2012 (GLOBE NEWSWIRE) -- Evotec AG (Frankfurt:EVT) (TecDAX) today announced the completion of the squeeze-out process to acquire all of the remaining shares of DeveloGen AG from its minority shareholders. Evotec now is owner of 100% of the shares in DeveloGen. The former minority shareholders of DeveloGen will receive a payment of €12.75 per share, summing up to approximately €180,000.

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