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Court rejects Postbank takeover lawsuit against Deutsche Bank | ![]() |
Wednesday, 16. December 2020 12:31 |
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Higher Regional Court in Cologne rejected on Wednesday a lawsuit against Deutsche Bank concerning its takeover of Postbank in 2010. Former small stockholders of Postbank sought that Deutsche Bank pays over previously-accepted €25 per share for the takeover, while alleging that Deutsche Bank had paid more than the aforementioned amount when gaining a "de facto" controlling stake in Postbank in 2008. However, the court determined that the stake bought in 2008 totaled 29.75%, under the 30% percent mark, above which the buyer would have an obligation to extend the same offer to the other shareholders. |
Related Links: Deutsche Bank AG |
Author: Breaking the News / MS |