Drillisch AG (DRIG.DE)
18 Aug 2017
July 25 The following bids, mergers, acquisitions and disposals were reported by 2020 GMT on Tuesday:
FRANKFURT Drillisch shareholders voted overwhelmingly on Tuesday to approve a takeover by United Internet, creating a stronger competitor to Germany's three telecoms network operators in a deal worth over 8 billion euros ($9.33 billion).
* Merger creates more credible challenge to network operators
* CONTRIBUTION OF 1&1 TELECOMMUNICATION SE INTO DRILLISCH: APPROVAL BY DRILLISCH'S EXTRAORDINARY GENERAL MEETING Source text for Eikon: Further company coverage: (Gdynia Newsroom)
FRANKFURT, July 25 The chief executive of Drillisch urged shareholders in the German mobile operator to approve an issue of new shares that will trigger a takeover by United Internet in a deal valued at over 8 billion euros ($9.33 billion).
BERLIN/FRANKFURT, July 25 The DAX top-30 index looked set to open 0.2 percent higher on Tuesday, according to premarket data from brokerage Lang & Schwarz at 0602 GMT.
* ACCOMPANYING VOLUNTARY TENDER OFFER FOR DRILLISCH : FINAL ACCEPTANCE RATE AMOUNTS TO 1.78 PERCENT
FRANKFURT, June 28 Only 1.2 percent of outstanding shares of Drillisch have been tendered in an offer that peer United Internet was forced to make after acquiring more than 30 percent of the low-cost mobile operator in a share swap, the two companies said on Wednesday.
* DGAP-NEWS: UNITED INTERNET AG: VOLUNTARY TENDER OFFER FOR DRILLISCH - ACCEPTANCE RATE AMOUNTS TO 1.24 PERCENT
FRANKFURT German low-cost mobile phone operator Drillisch plans to move upmarket after its 8 billion euro ($8.9 billion) merger with United Internet's 1&1 brand, its chief executive said, posing a new challenge to premium brands.