Thomas Pref made an offer to acquire remaining 75% stake in SCHUMAG Aktiengesellschaft (DB:SCM) for ?9.18 million on June 13, 2023. Offer price per share is ?1.36 million. Both board supported the delisting takeover offer and recommended shareholders of SCHUMAG to accept the offer.

At time of offer Thomas Pref held 2,250,000 Schumag Shares, corresponding to approximately 25%. The acceptance period will end on September 7, 2023.