Drillisch takeover offer being prepared by United Internet
United Internet [ETR:UTDI], a Germany-based telecommunications group, is preparing a takeover offer for local rival Drillisch [ETR:DRI], Der Aktionaer reported, without naming sources.
The magazine pointed out that the two companies would be a good strategic fit for each other. The report acknowledged that Ralph Dommermuth, the chairman of United Internet, ruled out an offer for Drillisch a few weeks ago, but added that the Drillisch share price has outperformed over the last few days.
United Internet currently owns a 29% stake in Drillisch.
Drillisch has a market cap of EUR 2.689bn.
The original article was published in this week’s print edition of Der Aktionaer on page 8 (“Parkettgefluester” column).
Der Aktionaer