Germany's largest real estate group Vonovia starts its new takeover offer for competitor Deutsche Wohnen.
As of today, the shareholders of Deutsche Wohnen can accept the offer of 53 euros per share via their custodian bank and tender their shares, the group announced on Monday in Bochum.
The offer period is expected to end on September 20, 2021 at midnight.
Vonovia made it clear that there would be no new takeover offer.
As already known, the shareholders of Deutsche Wohnen are to receive EUR 53 per share.
This means that Deutsche Wohnen is valued at a total of 19 billion euros.
With an offer for number two on the German housing market in the amount of 52 euros per share, Vonovia just failed to meet the minimum acceptance threshold of 50 percent last month.
The new offer also aims for a minimum acceptance rate of 50 percent.
The share price of Deutsche Wohnen hardly reacted, as it has been fluctuating between EUR 52 and EUR 53 since the start of the takeover efforts.
Vonovia yielded a little more than 1 percent.