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Wienerberger Builds Firewall Against Hostile Takeover
The Austrian brick producer plans to lower the marginal value for takeover offers to 20%.
Wienerberger Builds Firewall Against Hostile Takeover / Picture: © Vindobona.org
Wienerbergers´ free float is high, the share price is relatively low. Thus, the management fears that Wienerberger may face a hostile takeover. In order to prevent this scenario, Wienerberger wants its shareholders to vote for a lower marginal value for hostile takeovers. When reaching the 20% threshold, a binding offer to all other shareholders should be submitted.
The Austrian…
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