Feb
02
Vonovia Gets About 28% of Deutsche Wohnen in Takeover Battle
ByVonovia SE, fighting to win control of German landlord Deutsche Wohnen AG with a 8.6 billion-euro ($9.4 billion) hostile bid, secured 27.7 percent of its rival a week before the deadline.
That includes Vonovia’s stake of about 5 percent and acceptances from convertible bondholders representing 5.3 percent of Deutsche Wohnen stock, Vonovia said on its website on Tuesday. On Jan. 29, Deutsche Wohnen said it reserved the right to settle the convertible bonds in cash, meaning the holders won’t necessarily have any shares to tender…
Vonovia Gets About 28% of Deutsche Wohnen in Takeover Battle