With the takeover of Deutsche Wohnen, Vonovia would become by far the largest German private real estate group.
(Photo: imago images / Sabine Gudath)
Frankfurt You have to grab your bag of tricks to save the mega-deal after all: Germany’s largest real estate company Vonovia pleaded for weeks that it made a minimum acceptance threshold of more than 50 percent a condition for its billion-dollar takeover offer for rival Deutsche Wohnen. Now the Bochum-based group has canceled this requirement without further ado – and is fundamentally changing the situation.
In fact, the chances that the billion-dollar transaction will go through have now risen considerably. The first attempt this year failed, however, because many hedge funds did not exchange their shares in time in the hope of a later, higher bid.
What do investors have to prepare for now? The following is an overview of the most important points:
Why can Vonovia change the offer now?
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