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Deutsche Wohnen:Minority shareholder buyout (DPLTA): Difference between revisions
Deutsche Wohnen:Minority shareholder buyout (DPLTA) (view source)
Revision as of 12:46, 20 September 2024
, 20 September 2024→TLG IMMOBILIEN AG and WCM AG DPLTA
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* WCM and TLG share price averaged EUR 3.34<ref>https://www.boerse-frankfurt.de/equity/wcm-ag/price-history/historical-prices-and-volumes</ref> and EUR 18.53<ref>https://finance.yahoo.com/quote/TLG.HM/</ref>, respectively in the three months preceding the initiation of the domination agreement. That is an exchange ratio of 1:5.55. | * WCM and TLG share price averaged EUR 3.34<ref>https://www.boerse-frankfurt.de/equity/wcm-ag/price-history/historical-prices-and-volumes</ref> and EUR 18.53<ref>https://finance.yahoo.com/quote/TLG.HM/</ref>, respectively in the three months preceding the initiation of the domination agreement. That is an exchange ratio of 1:5.55. | ||
* In the first nine months of 2017, WCM had a NAV of EUR 2.62 per share versus EUR 2.57 in the same period of 2017<ref>https://de.marketscreener.com/kurs/aktie/WCM-BETEILIGUNGS-UND-GRUN-19777573/news/WCM-Beteiligungs-und-Grundbesitz-in-den-ersten-neun-Monaten-2017-mit-unverandert-profitablem-Wach-25470343/</ref>. | * In the first nine months of 2017, WCM had a NAV of EUR 2.62 per share versus EUR 2.57 in the same period of 2017<ref>https://de.marketscreener.com/kurs/aktie/WCM-BETEILIGUNGS-UND-GRUN-19777573/news/WCM-Beteiligungs-und-Grundbesitz-in-den-ersten-neun-Monaten-2017-mit-unverandert-profitablem-Wach-25470343/</ref>. | ||
* TLG IMMOBILIEN AG had a NAV per share of EUR 21.84 in 2017 and EUR 18.57 in 2016<ref>https://www.tlg.de/tlg.de/Data%20Objects/Downloads/Finanzberichte%20&%20Pr%C3%A4sentationen/2017/2018_03_23_PPT_TLG_FY2017_results.pdf</ref>. | |||
* Shareholders of WCM AG who did not want to participate in the DPLTA were awarded a guaranteed dividend of EUR 0.13 (gross) or EUR 0.11 after deducting 15.5% tax and 5.5% solidarity surcharge. | * Shareholders of WCM AG who did not want to participate in the DPLTA were awarded a guaranteed dividend of EUR 0.13 (gross) or EUR 0.11 after deducting 15.5% tax and 5.5% solidarity surcharge. | ||
* 83 shareholders went to court to challenge the compensation<ref>https://www.tlg.de/tlg.de/Data%20Objects/Downloads/anleihen/hybrid/20190923_Hybrid_Prospekt.pdf</ref>. One of the shareholders that criticized the offer was SdK Protection Association of Capital Investors. According to SdK, the fact that valuers concluded that WCM's future sales was likely to decline was not tenable. They also complained that values used a higher beta of 0.375<ref>https://sdk.org/veroeffentlichungen/pressemitteilungen/wcm-ag-schliesst-beherrschungsvertrag-mit-tlg-immobilien-ag-sdk-beantragt-spruchverfahren/</ref>. | * 83 shareholders went to court to challenge the compensation<ref>https://www.tlg.de/tlg.de/Data%20Objects/Downloads/anleihen/hybrid/20190923_Hybrid_Prospekt.pdf</ref>. One of the shareholders that criticized the offer was SdK Protection Association of Capital Investors. According to SdK, the fact that valuers concluded that WCM's future sales was likely to decline was not tenable. They also complained that values used a higher beta of 0.375<ref>https://sdk.org/veroeffentlichungen/pressemitteilungen/wcm-ag-schliesst-beherrschungsvertrag-mit-tlg-immobilien-ag-sdk-beantragt-spruchverfahren/</ref>. | ||