Behr Bircher Cellpack BBC AG made an offer to acquire remaining 4.37% stake in Groupe Baumgartner Holding S.A. (SWX:BAP) for CHF 2.4 million on July 29, 2019. Behr Bircher will purchase shares at an offer price of CHF 425 per share. Behr Bircher Cellpack BBC holds 95.63% stake in Groupe Baumgartner. On completion of offer Baumgartner shares will be delisted. The offer will be considered successful provided Behr Bircher has 98% of Baumgartner shares. The offer will commence September 24, 2019 until October 7, 2019 with the BBC reserving the right to extend it one or more times. As of October 11, 2019, Behr Bircher Cellpack BBC AG published the definitive interim result in the public takeover bid for all Groupe Baumgartner Holding. A total of 2,385 registered Groupe Baumgartner Holding shares have been tendered for acceptance. The participation of Behr Bircher Cellpack BBC and the persons acting in concert with it on October 7, 2019 amounts to 99.06% of the voting rights and share capital of Groupe Baumgartner Holding. The additional period of acceptance of 10 trading days for public shareholders of Groupe Baumgartner Holding to accept the offer will commence on October 14, 2019 and will expire on October 25, 2019. As of October 31, 2019, the tender offer is expected to complete on November 8, 2019. Behr Bircher Cellpack BBC AG cancelled the acquisition of 4.37% stake in Groupe Baumgartner Holding S.A. (SWX:BAP) on July 29, 2020.