Reuters first with news that Vonovia takeover of Deutsche Wohnen likely to fail; market reacts
Reuters was first to report that Europe’s biggest real estate takeover could fall through, revealing that it was likely Germany’s […] The post Reuters first with news that Vonovia takeover of Deutsche Wohnen likely to fail; market reacts appeared first on Reuters News Agency.
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Reuters was first to report that Europe’s biggest real estate takeover could fall through, revealing that it was likely Germany’s Vonovia did not secure sufficient backing from the shareholders of takeover target Deutsche Wohnen, meaning it would miss the 50% acceptance threshold needed for the deal to go through. Vonovia CEO Rolf Buch then spoke to Reuters exclusively, saying that while the company needs to analyse the new situation now, it could do without a takeover of its smaller rival.
The post Reuters first with news that Vonovia takeover of Deutsche Wohnen likely to fail; market reacts appeared first on Reuters News Agency.
