Gagfah minority shareholders to receive cash offer from Deutsche Annington on 10 April
Deutsche Annington, the German real estate company, will make a cash offer to outstanding shareholders in rival company Gagfah on 10 April, Boersen-Zeitung reported.
The German-language daily cited an Annington spokesperson as saying that the cash offer will be made to the remaining small shareholders in Gagfah, a company in which Annington obtained 94% ownership as a result of a December takeover offer.
Boersen-Zeitung