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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Deutsche Wohnen SE | TG:DWNI | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -0.11% | 18.10 | 18.00 | 18.10 | 18.40 | 17.76 | 18.14 | 22,255 | 19:39:31 |
From May 2021 to May 2024
By Olivia Bugault
Vonovia SE said Monday that it has secured more than 50% of Deutsche Wohnen SE's share capital as the company has been trying to buy its German real-estate rival for months.
Vonovia said it was holding roughly 50.49% of Deutsche Wohnen on Sept. 24, exceeding the 50% minimum shareholder acceptance threshold.
Vonovia launched a new and final public takeover offer at 53 euros ($62.12) for each Deutsche Wohnen share in late August after failing in July to gain approval of at least 50% of Deutsche Wohnen shareholders when the offer price was at EUR52 apiece.
Earlier this month, Vonovia said it was dropping the 50% minimum threshold requirement in order to secure its acquisition.
At 0825GMT, Vonovia trades 4.2% higher at EUR56.08.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
September 27, 2021 05:00 ET (09:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Deutsche Wohnen Chart |
1 Month Deutsche Wohnen Chart |
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