BERLIN, April 26, 2009 (GLOBE NEWSWIRE) -- The Management Board of Jerini AG has today been informed by Shire Deutschland Investments GmbH, an indirect wholly-owned subsidiary of Shire plc (formerly Shire Limited), with registered offices in Cologne, Germany (formerly in Frankfurt am Main, Germany), that it will offer a cash compensation of EUR 7.53 for each no par value share of Jerini AG in connection with the transfer of shares of the minority shareholders of Jerini AG to Shire Deutschland Investments GmbH (majority shareholder) pursuant to Section 327a et seq. of the German Stock Corporation Act (AktG) (so called squeeze-out).
The squeeze-out requires a resolution of the shareholders' meeting of Jerini AG. It is intended to resolve upon the squeeze-out in the annual general meeting of Jerini AG on June 16, 2009.
Jerini AG The Management Board ISIN: DE0006787476 WKN: 678 747 Regulated Market / Prime Standard; Frankfurt Stock Exchange, Germany Registered Office: Berlin, Germany