FRANKFURT Aug 26 GSW Immobilien, the
German residential landlord that has received a $2.3 billion
takeover offer from rival Deutsche Wohnen, said on
Monday it saw some merit in the proposed tie-up but that it
needed more information.
"A combination of GSW and Deutsche Wohnen could make sense
from an operational and an industry point of view," GSW said in
"GSW is in the process of thoroughly analysing the proposed
offer. With regard to certain key aspects of the offer further
clarification is required."
The takeover target said it hired Goldman Sachs,
Citigroup and Dutch bank Kempen & Co for financial advice,
confirming a Reuters report from last week.