Meyer Burger, which has spent much of 2011 building a controlling stake in Roth & Rau via an agreed takeover, will not now proceed with the final legal steps needed to assume full ownership.
Instead, Meyer Burger will keep Roth & Rau at arm’s length while its newly-installed management team battles to reverse a decline that yesterday led the German company to warn it may lose €52m ($70m) before tax in the third quarter of 2011, on sales a quarter lower than at the same stage last year.
Fellow
