The first step of the business combination agreement between United Internet and Drillisch has already started. Drillisch increased its capital by a contribution in kind by issuing (7.75% of the subsidiary 1&1 Telecommunications 9,062k new shares excluding subscription rights. United Internet now owns 30% of Drillisch and has already issued a voluntary takeover offer (required by law) at €50 per share. United Internet is expecting the takeover prospectus to be cleared by BaFIn on 29
18 May 2017
Valuation of Drillisch too optimistic!
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Valuation of Drillisch too optimistic!
United Internet AG (UTDI:WBO) | 0 0 0.9% | Mkt Cap: 11,419m
- Published:
18 May 2017 -
Author:
Heinz Steffen -
Pages:
3
The first step of the business combination agreement between United Internet and Drillisch has already started. Drillisch increased its capital by a contribution in kind by issuing (7.75% of the subsidiary 1&1 Telecommunications 9,062k new shares excluding subscription rights. United Internet now owns 30% of Drillisch and has already issued a voluntary takeover offer (required by law) at €50 per share. United Internet is expecting the takeover prospectus to be cleared by BaFIn on 29