On 19 April 2012, Toyota Industries Corporation (TICO) announced the definitive interim results of its public tender offer for all publicly held registered shares of Uster Technologies Ltd (Uster Shares). During the offer period from 15 March 2012 until 13 April 2012 a total of 3,875,296 Uster Shares were tendered. The aggregate position at the end of the offer period of TICO amounted to a total of 8,133,673 Uster Shares, corresponding to 96.1% of all issued Uster Shares. The additional acceptance period runs from 20 April 2012 through 4 May 2012.

Reference: CapLaw-2012-21

Swiss Reinsurance Company Ltd successfully completed the issuance and international placement through a repackaging vehicle of USD 750,000,000 perpetual subordinated notes with stock settlement (Notes) on 29 March 2012. The terms and conditions of the Notes provide for the same stock settlement feature as the CHF 320,000,000 issuance earlier this year (see CapLaw-2012-8) and also qualify as upper additional capital pursuant to the Insurance Supervision Ordinance.

Reference: CapLaw-2012-21