LLB Publishes Offer for Bank Linth

Paul Adams

19 December 2006

Liechtensteinische Landesbank has published its definitive public offer to buy Bank Linth. The offer price is SFr540 ($442) per registered share in cash. The board of directors of Bank Linth describes the offer as friendly, and has recommended acceptance. The tender period extends from 8 January to 2 February 2007. LLB is planning to acquire a majority shareholding of 66 per cent in Bank Linth which will maintain its own stockmarket listing. The acquisition will be financed out of current resources.