6Mon·

Varta shares expire worthless - why not - 99.9%?

"The financial rescue of the ailing battery manufacturer Varta at the expense of the existing shareholders can go ahead.

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"The existing Varta shareholders will go away empty-handed, their shares will become worthless. The shares will be removed from the share price "promptly", explained Varta."

I'm not invested, but I'm wondering why the shares only fell by around 50% today. Have I missed something or is the explanation simply that there were still a few idiots who bought anyway?

https://de.marketscreener.com/kurs/aktie/PORSCHE-AG-144458103/news/Ubernahme-von-Varta-perfekt-Aktien-werden-wertlos-48852824/

de.marketscreener.comÜbernahme von Varta perfekt - Aktien werden wertlos

8 Comments

OneInAMinion@OneInAMinion

6Mon

My guess is that these are the rest who have either not yet read the news or are involved in other ways and therefore can do little (e.g. employee packages - a long time ago I received shares as a bonus from a former employer, which I was not allowed/able to sell as long as I was employed by the company).

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OneInAMinion@OneInAMinion

6Mon

"Tragic" or not, with the plans of Porsche and the investor, the declared aim is at least to save the jobs... but as is often the case with takeovers, everything is usually talked up beforehand as far as the future of the company is concerned and as soon as everything is signed and sealed, it's off to the races.
My assumption in this case is different. Porsche has been looking for a way to produce its own batteries for some time, but more importantly to have an infrastructure for research with the right people. If you believe the rumors, Varta has something in the drawers, which makes the whole thing a stroke of luck for Porsche...

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