This is the offer that UniCredit is making as part of its capital increase for the takeover. It is exactly the same as the offer I have read in various articles. The only difference is that the CoBa share price is currently above it.🤷🏼♂️
•
11
•
@Get_Rich_or_Die_Tryin Does this mean that if $UCG does not make improvements and shareholders therefore do not convert, the deal would collapse? Because the shareholders would make a loss (current share price/conversion rate)?
••
@Carsten1970 UBS's aim with the early, voluntary offer (a mandatory offer is only required for a >30% stake) is to expand its influence at Commerzbank before it is forced to make a mandatory offer. There is still no talk of a deal. The advantage of a voluntary offer is that it does not have to be coordinated with CoBa and the management may not recommend support or rejection, as in the case of a mandatory offer. The voluntary offer also does not have to be submitted to other major shareholders (for example, an offer can be made purely for the free float, without institutional etc. and without acceptance thresholds.
•
11
•