Feb
09
Vonovia Lacks Deutsche Wohnen Shares as Deal Deadline Nears
ByVonovia SE, fighting to secure control of Deutsche Wohnen AG in what would be Germany’s biggest-ever property deal, is still well short of the shares it needs to succeed.
Vonovia, Germany’s largest homeowner, had 96.8 million Deutsche Wohnen shares, or about 28.7 percent of the total, as of Monday at 6 p.m. local time, Vonovia said on its website on Tuesday. That includes about 5 percent that Vonovia bought itself. The Bochum-based company needs 168.7 million shares, or 50 percent, by midnight today for the 8 billion-euro ($9 billion) deal to succeed…
Vonovia Lacks Deutsche Wohnen Shares as Deal Deadline Nears
