Elster ELT announced
today that the initial offering period of the previously-announced cash tender
offer by Mintford AG, a wholly-owned subsidiary of Melrose PLC, to acquire all
outstanding ordinary shares and American Depositary Shares (ADSs) of Elster
Group SE expired at 12:00 midnight, New York City time on August 22, 2012.
Such transaction had been approved by the administrative board of Elster.
With effect as of August 24, 2012, all members of the administrative board of
Elster Group SE resigned from their office. Simon Beresford-Wylie also
resigned from his office as managing director and chief executive officer
(CEO), and Rainer Beaujean resigned from his office as managing director and
chief financial officer (CFO), in each case, as of August 24, 2012.
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