Conwert Worth at Least EU13.50/Shr, Proschofsky, Hohlbein Say
2015-03-31 06:21:00.112 GMT
By Alexander Weber
(Bloomberg) -- Alexander Proschofsky and Peter Hohlbein,
who were candidates for Conwert’s administrative board at last
year’s AGM, comment on Deutsche Wohnen’s offer in statement.
* Deutsche Wohnen’s EU11.50/shr offer “definitely too low”
* Conwert worth at least EU13.50/shr on a standalone basis
* Won’t recommend offer to shareholders
* “There is really no reason why the share price should not
either match or exceed the prices of peer group companies”
if the current work program, other measures are carried out
* NOTE: Proschofsky last year said he holds ~1.5% of Conwert
* NOTE: Conwert Declines to Reject Deutsche Wohnen Bid It
Calls Too Low
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To contact the reporter on this story:
Alexander Weber in Vienna at +43-1-513-2660-13 or
aweber45@bloomberg.net
To contact the editor responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net
2015-03-31 06:21:00.112 GMT
By Alexander Weber
(Bloomberg) -- Alexander Proschofsky and Peter Hohlbein,
who were candidates for Conwert’s administrative board at last
year’s AGM, comment on Deutsche Wohnen’s offer in statement.
* Deutsche Wohnen’s EU11.50/shr offer “definitely too low”
* Conwert worth at least EU13.50/shr on a standalone basis
* Won’t recommend offer to shareholders
* “There is really no reason why the share price should not
either match or exceed the prices of peer group companies”
if the current work program, other measures are carried out
* NOTE: Proschofsky last year said he holds ~1.5% of Conwert
* NOTE: Conwert Declines to Reject Deutsche Wohnen Bid It
Calls Too Low
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Alexander Weber in Vienna at +43-1-513-2660-13 or
aweber45@bloomberg.net
To contact the editor responsible for this story:
Mariajose Vera at +49-89-244478-803 or
mvera1@bloomberg.net