On March 4th, 2010 the general meeting of the Estonian Bar Association selected Mr. Toomas Vaher as the new chairman of Estonian Bar Association. The term of office is 3 years.
Mr. Vaher is a partner in Raidla Lejins & Norcous, heading the dispute resolution practice area in the firm. He is a member of the Estonian Bar Association from 1997 and a Member of the Board since 2004.
The Estonian Bar Association is founded in 1919 and has currently a total of 696 members.
- Further information: Estonian Bar Association website
(Stockholm, March 1, 2010) --- Autoliv Inc. (NYSE: ALV), the worldwide leader in automotive safety products, announced today its decision to make a cash offer for all outstanding shares the Autoliv group does not own in its 51%-owned Estonian subsidiary Aktsiaselts Norma (“Norma”).
Through its wholly-owned subsidiary AS Automotive Holding, Autoliv will offer EEK 92.31 in cash for each share of Norma it does not already own. This represents an offer price premium of 45 percent over the 180-day volume-weighted average Norma share price of Norma and 28 percent over the closing market price as of February 26, 2010. The total value of the offer amounts to approximately EEK 597 million.
The Autoliv group currently holds 6,732,000 shares in Norma representing 51.0 percent of all outstanding shares. In addition, the company has over the past weekend received irrevocable sales commitments from shareholders representing 26.44% of the outstanding number of Norma shares.
The RoschierRaidla News is a bimonthly e-newsletter jointly published by Roschier in Finland and Sweden and Raidla Lejins & Norcous in Estonia, Latvia and Lithuania covering the latest legal developments in the five jurisdictions.
* Please read the legal updates from Estonia, Latvia, Lithuania, Finland and Sweden HERE
The main topics covered in January - February 2010 newsletter are the following:
