|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||62.04 - 62.04|
|52-week range||45.68 - 91.50|
|Beta (5Y monthly)||0.26|
|PE ratio (TTM)||12.26|
|Forward dividend & yield||1.25 (2.05%)|
|Ex-dividend date||02 Jun 2021|
|1y target est||N/A|
FRANKFURT, Germany (Reuters) -Real estate giant Vonovia said on Wednesday it was keeping all options open regarding Deutsche Wohnen after it secured control of nearly 30% of the shares in its rival, days after a takeover attempt failed. Germany's two biggest listed landlords earlier this year revived merger plans, in a deal controversial in Germany because of tensions over soaring rents ahead of general elections in September. If Vonovia buys another roughly 1,000 Deutsche Wohnen shares it would cross the 30% threshold that would oblige to make a mandatory offer for the entire company.
FRANKFURT (Reuters) -German real estate company Vonovia is expected to launch a fresh attempt to buy rival Deutsche Wohnen within weeks, having so far failed to secure sufficient shareholder backing, people close to the matter told Reuters. Vonovia on Monday said Deutsche Wohnen shareholders had tendered 47.62% of the target's equity in favour of the 18.7 billion euros ($22 billion) offer, missing the required 50% threshold by last Wednesday's deadline. "The CEOs of both companies still want the deal and they are looking to find a solution," one of the sources said, while another said any new offer would be launched only after Vonovia's supervisory board had analysed the matter and signed off on it.
DGAP-News: Deutsche Wohnen SE / Key word(s): Mergers & Acquisitions/Merger23.07.2021 / 19:10 The issuer is solely responsible for the content of this announcement.Corporate News NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. Minimum acceptance level not reached according to current estimate Voluntary public takeover offer by Vonovia likely not successful Mi