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Petrus Advisers declines conwert offer to minority shareholders of KWG and offers representations to other shareholders
Press Wire ♦
Published: April 15, 2016; 15:05 ♦ (Vindobona)
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Petrus Advisers, as the second largest investor in KWG Kommunale Wohnen AG, rejects the offer by conwert Immobilien SE for up to 13.47% in KWG at Euro 10.80 per share. Both the price offered as well as the intentional disregard of shareholder rights by forcing small shareholders to remain invested in the company are not acceptable to Petrus Advisers.
Petrus Advisers declines conwert offer to minority shareholders of KWG and offers representations to other shareholders / Picture: © Vindobona.org
Petrus Advisers, as the second largest investor in KWG Kommunale Wohnen AG, rejects the offer by conwert Immobilien SE for up to 13.47% in KWG at Euro 10.80 per share. Both the price offered as well as the intentional disregard of shareholder rights by forcing small shareholders to remain invested in the company are not acceptable to Petrus Advisers. We expect a significantly higher…
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