Having secured 40% of the target’s shares, Vonovia wasn’t comfortable with the 50% threshold. The latter was removed last night. The company will extend the acceptance period.
14 Sep 2021
Waiving the minimum acceptance threshold: a defensive move
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Waiving the minimum acceptance threshold: a defensive move
Having secured 40% of the target’s shares, Vonovia wasn’t comfortable with the 50% threshold. The latter was removed last night. The company will extend the acceptance period.