|Bid||31.36 x 0|
|Ask||32.40 x 0|
|Day's range||31.73 - 31.90|
|52-week range||19.77 - 33.10|
|Beta (5Y monthly)||1.52|
|PE ratio (TTM)||36.12|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||10 Dec 2021|
|1y target est||N/A|
A buyout group seeking to take over Germany's Aareal Bank in a $2.1 billion deal said on Friday that too few shareholders took them up on their offer and the bid had failed. Big investors had been publicly resisting to tender their shares, with one calling the offer "lousy." In a final push last month, the buyout group, which included U.S.-based Advent International and Centerbridge Partners, raised their offer to 31 euros per share from 29 euros, valuing the lender 1.86 billion euros ($2.13 billion).
BERLIN (Reuters) -Two big investors in Aareal Bank on Wednesday rejected a sweetened $2.1 billion bid for the German lender, with one calling it "lousy" and a second saying it significantly undervalued the group. The buyout group, which includes U.S.-based Advent International and Centerbridge Partners, earlier on Wednesday raised their offer to 31 euros per share from 29 euros, hoping to convince investors who had been unhappy with the price. In a statement Adam Epstein, co-founder of Teleios, which holds a 5% stake in the bank, called the fresh bid a "token increase".
BERLIN (Reuters) -U.S.-based Advent International and Centerbridge Partners have made a joint takeover offer for Germany's Aareal Bank that values the lender at 1.7 billion euros ($1.9 billion). "The announced offer is in the best interests of our company and its stakeholders," Aareal Chief Executive Jochen Kloesges said in a statement on Tuesday. But one Aareal investor, Teleios, which owns a 6% stake, voiced its opposition to the offer by private equity firm Advent and investment management company Centerbridge.