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Deutsche Wohnen:Minority shareholder buyout (DPLTA): Difference between revisions
Deutsche Wohnen:Minority shareholder buyout (DPLTA) (view source)
Revision as of 16:36, 20 September 2024
, 20 September 2024→How Does DPLTA Work?
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* If the minority shareholders are not satisfied with the price or annual guaranteed dividend, they can challenge it in a court. Based on the cases decided between 2016 and 2019, the court increased the price by around 10% to 30%<ref name=":2" />. | * If the minority shareholders are not satisfied with the price or annual guaranteed dividend, they can challenge it in a court. Based on the cases decided between 2016 and 2019, the court increased the price by around 10% to 30%<ref name=":2" />. | ||
* During the appraisal period, the external shareholders continue to hold the shares and receive a dividend. Eventually, if the court decides that the compensation was not fair, the shareholders receive the difference plus interest of between 0.88% and 5% as at 2019. The court's compensation is usually not less than that offered by the acquiring company <ref name=":2" />. | * During the appraisal period, the external shareholders continue to hold the shares and receive a dividend. Eventually, if the court decides that the compensation was not fair, the shareholders receive the difference plus interest of between 0.88% and 5% as at 2019. The court's compensation is usually not less than that offered by the acquiring company <ref name=":2" />. | ||
* The guaranteed dividend has generally been at least 5%<ref>https://www.reuters.com/article/us-germany-regulation-breakingviews/breakingviews-germanys-takeover-rules-are-more-sm-than-ma-idUSKBN1X7112/</ref>. | |||
== What Happens If Some Shareholders Don't Take Part in DPLTA? == | == What Happens If Some Shareholders Don't Take Part in DPLTA? == | ||