Deutsche Wohnen bid for Austria's Conwert falls short

April 15, 2015 7:50 PM

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VIENNA, April 15 (Reuters) - Deutsche Wohnen's billion-euro bid for Austrian property group Conwert failed to attract the minimum 50 percent plus one share, the companies said after the tender offer expired on Wednesday.

"Given that the minimum acceptance threshold regarding the takeover offer for Conwert shares has not been reached, the offers for Conwert's convertible bonds as well as the anticipatory mandatory offer for the relevant shares of (unit) ECO Business-Immobilien AG are no longer effective," DW said.

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