LUXEMBOURG - In a significant corporate realignment, software company SUSE S.A. has merged with Marcel New Lux IV S.A., resulting in the relocation of its registered office and the delisting of its shares from the Frankfurt Stock Exchange. The merger was finalized today after receiving approval from shareholders at an Extraordinary General Meeting.
The newly merged entity will continue under the name SUSE S.A. and has established its new registered office at 11-13 Boulevard de la Foire, L-1258 Luxembourg. This strategic move marks the end of the original SUSE S.A. as an independent entity, with its ISIN: LU2333210958 now removed from trading on the Frankfurt Stock Exchange.
Key points of the merger include:
- Shareholder endorsement facilitated the merger and subsequent changes.
- The original SUSE S.A.'s legal existence ceased following the merger.
- Marcel New Lux IV S.A., now renamed SUSE S.A., inherits the business operations.
- The company's registered office has been shifted to a new address in Luxembourg.
The voting process that led to this corporate restructuring was transparent, with results made available online for stakeholders' reference. The delisting of the original company's shares signifies a pivotal change in its market presence, as it integrates into Marcel New Lux IV's existing structure.
This development reflects a growing trend among companies to consolidate their businesses to streamline operations and potentially tap into new markets or efficiencies. As the combined entity embarks on this new chapter, stakeholders are expected to closely monitor how this merger will influence SUSE's market strategy and offerings in the competitive software landscape.
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