The largest German housing company wants to swallow the second largest – in the second attempt. Vonovia has made a new offer to the shareholders of Deutsche Wohnen.
Germany’s largest real estate group Vonovia has launched another takeover attempt for its competitor Deutsche Wohnen.
Since Monday, the shareholders of Deutsche Wohnen have been able to accept the offer of 53 euros per share via their custodian bank and tender their shares, the Dax group announced in Bochum. The offer period is expected to end on September 20 at midnight. There will be no further takeover offer, affirmed the real estate company.
As already known, Vonovia is offering Deutsche Wohnen shareholders € 53 per share. This would mean that Deutsche Wohnen would be worth a total of 19 billion euros. Vonovia just failed to reach the minimum acceptance threshold of 50 percent last month with an offer for number two on the German housing market in the amount of 52 euros per share. The new offer also aims for a minimum acceptance rate of 50 percent.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
