Dr.Reddy's Laboratories Ltd Declares Offer For OctoPlus NV Unconditional

Tuesday, 12 Feb 2013 03:32am EST 

Dr.Reddy's Laboratories Ltd (Offeror) and OctoPlus, issued on October 22, 2012 and December 13, 2012 respectively, the Offeror and OctoPlus hereby jointly announced that the Offeror declares the Offer unconditional. During the Offer Period, which ended at 18.00 hours CET on February 8, 2013 (the Closing Date), 37,233,244 Shares, representing 70.7% of the Shares and a value of EUR19,361,286.88, have been tendered for acceptance under the Offer. The acquisition of Shares by the Offeror pursuant to the Offer and outside the Offer will, among other things, reduce the number of Shareholders and the number of Shares that might otherwise be traded publicly and will thus adversely affect the liquidity and may affect the market value of the remaining Shares. The Offeror intends to acquire all shares in the Company. The Offeror and the Company will jointly request NYSE Euronext Amsterdam to terminate the listing and trading of the Shares on NYSE Euronext Amsterdam as soon as the relevant requirements have been met. 

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