BERU Decides to Change to the General Standard Segment of the Frankfurt Stock Exchange.LUDWIGSBURG, Germany -- BERU Aktiengesellschaft (FWB (Fixed Wireless Broadband) See fixed wireless. :BZL) has decided to change from the Prime Standard to the General Standard. The appropriate application will be made to the listing committee of the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. in the next few days. Following BorgWarner's acquisition of a majority of the equity capital of BERU AG and the procedure of a voluntary public takeover offer, BERU's shares have become significantly less attractive for institutional and private investors due to the reduced free float Free float An exchange rate system characterized by the absence of government intervention. Also known as clean float. . The requirements of regular reporting duties as well as the associated consequential con·se·quen·tial adj. 1. Following as an effect, result, or conclusion; consequent. 2. Having important consequences; significant: duties of the Prime Standard, such as quarterly reports, give rise to high demands on financial and personnel resources, which are not offset by any corresponding advantage for BERU AG. For this reason, the Executive Board has resolved, with the consent of the Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. , to apply for a change of stock-exchange segment. The change will probably be concluded by the middle of February 2006. BERU AG Morikestr. 155 71636 Ludwigsburg Deutschland ISIN: DE0005072102 (SDAX) WKN: 507210 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Dusseldorf, Hamburg und Munchen |
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