PTA-News: conwert Immobilien Invest SE: conwert to state its position on the Deutsche Wohnen takeover offer within ten trading days

Wednesday, 18. March 2015 11:40

Business news for the stock market

Vienna (pta013/18.03.2015/11:40) - conwert Immobilien Invest SE, traded on the Austrian ATX, announces that the Administrative Board acknowledges the takeover offer published today by Deutsche Wohnen AG for EUR11.50 per share.

The Administrative Board will issue its opinion on the offer within ten trading days. It will thoroughly evaluate the offer in light of the share's performance prior to the announcement of the takeover bid by Deutsche Wohnen AG and take into account the offer price, which is far below conwert's NAV/share, and the outlook for conwert for the following years.

conwert will publish its 2014 business figures on 25 March 2015 and will provide an outlook as part of the Annual Report.

The published offer documents can be downloaded from the company's website ( http://www.conwert.at) and from the offeror's site ( http://www.deutsche-wohnen.com).

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This report contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and. consequently, the actual results realised at a later date may differ from the forecasts presented in this report for a variety of reasons.

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emitter: conwert Immobilien Invest SE
address: Alserbachstraße 32, 1090 Wien
country: Austria
contact person: Dr. Clemens Billek
phone: +43 1 52145-700
e-mail: cwi@conwert.at
website: www.conwert.at

ISIN(s): AT0000697750 (share)
stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20150318013 ]

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