Leading global law firm Baker McKenzie advised Meier Capital AG ("Meier Capital"), the principal shareholder of SIX Swiss Exchange listed Meier Tobler Group AG ("Meier Tobler"), in a subscription rights offering for shares in Meier Tobler to the existing shareholders of Meier Tobler.
The offering allowed subscription rights to be exercised at a price of CHF 8.90 per Meier Tobler share. The subscription period ended on 31 August 2020.
The public shareholders of Meier Tobler exercised 59.2 percent of the subscription rights. The shareholding of Meier Capital in Meier Tobler thus decreased to 56.5 percent, while the free float rose from 27.2 percent to 43.5 percent.
Located in Zurich, Meier Capital is the holding company of Silvan G.-R. Meier’s family and focuses on productive investments in innovations and industrial assets. Meier Tobler is a home technology provider focused on the Swiss market. Meier Tobler was founded in 1937 and employs over 1300 people today. Meier Tobler's shares are listed on the SIX Swiss Exchange under the ticker symbol MTG.Baker McKenzie's Zurich team consisted of Prof. Dr. Lukas Glanzmann, Dr. Marcel Giger and Dr. Yves Mauchle.