|Bid||56.16 x 133300|
|Ask||56.18 x 108300|
|Day's Range||55.64 - 56.52|
|52 Week Range||48.57 - 62.74|
|Beta (5Y Monthly)||0.41|
|PE Ratio (TTM)||9.57|
|Earnings Date||Aug 06, 2021|
|Forward Dividend & Yield||1.69 (3.09%)|
|Ex-Dividend Date||Apr 19, 2021|
|1y Target Est||47.84|
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.
(Bloomberg) -- Vonovia SE’s roughly 19 billion-euro ($22.3 billion) offer for rival Deutsche Wohnen SE is collapsing after failing to secure enough shareholder backing.Germany’s largest residential real estate firm said in a statement Friday that it was unlikely to reach the minimum 50% acceptance threshold required for its offer to be successful.Investors in Deutsche Wohnen had a deadline of Wednesday midnight to tender their shares for what would have been the year’s biggest European takeover