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Deutsche Wohnen AG Announces Results Of GSW Immobilien AG Takeover


Monday, 4 Nov 2013 02:24am EST 

Deutsche Wohnen AG announced the definitive acceptance ratio at the end of the regular acceptance period with regard to its voluntary public exchange offer. By October 30, 2013, 78.57% of the shareholders of GSW Immobilien AG (GSW) have accepted the offer. As set out in the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Ubernahmegesetz), this will be followed by a further two-week opportunity for GSW shareholders who have not yet tendered their shares to exchange their shares (extension period). GSW shares can be tendered from November 5, 2013 until midnight (CET) on November 18. 2013. During this period, GSW shareholders can exchange for each GSW share 2.55 new Deutsche Wohnen shares. 

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