KP Invest Beteiligungs GmbH cancelled the acquisition of remaining 49.9% stake in Unternehmens Invest AG (WBAG: UIV) from Knünz GmbH and other investors.
November 17, 2012 at 04:00 am
KP Invest Beteiligungs GmbH made an offer to acquire remaining 49.9% stake in Unternehmens Invest AG (WBAG: UIV) from Knünz GmbH and other investors for 22.5 million in cash on November 17, 2011. KP Invest Beteiligungs offered 11.28 for each of the 1.9 million shares not already owned. As of January 5, 2012, acceptance period is ended and KP Invest Beteiligungs received acceptance for 0.15 million shares which represents 3.79% of Unternehmens Invest AG shares. KP Invest Beteiligungs now owns 53.89% stake in Unternehmens Invest AG. According to the Austrian Takeover Act, the bid is now extended by three months until April 9, 2012.
KP Invest Beteiligungs GmbH cancelled the acquisition of remaining 49.9% stake in Unternehmens Invest AG (WBAG: UIV) from Knünz GmbH and other investors on November 17, 2012.