The acceptance period of Aroundtown’s offer for TLG Immobilien shares was delivered on Dec 18, 2019 and is to expire on January 21st, 2020 at midnight. So far, Aroundtown has received an acceptance ratio of over 53% from shareholders, including TLG‘s largest shareholder Amir Dayan who signed an irrevocable agreement with Aroundtown prior to launching the offer.
Aroundtown SA is the largest publicly traded commercial real estate corporations in Germany and one of the largest publicly traded companies in Europe. The main shareholders of Aroundtown are Avisco which is controlled by Mr. Yakir Gabay 12%, TLG Immobilien 15% (with Mr Amir Dayan 28% shareholder), Blackrock 5%, Norges Bank, Fidelity, Allianz, Vanguard and many other international investors. In mid-December 2019, Aroundtown SA published the tender offer for TLG Immobilien AG, which in combination will create a leading Pan European commercial real-estate conglomerate specializing in office, hotel and residential real estate management with assets in excess of €28 billion.
An additional acceptance period for the stock buyout will be launched shortly after the initial time-period expires and span for two weeks as required by German regulatory bodies. Reaching over 53% so far represents strong support the deal will go through, as passive and index investors most often tender during the regulatory phase. The offer has no minimum acceptance threshold, but the higher acceptance ratio amongst investors will ultimately determine the speed in which the entities eventually begin combining efforts.
Aroundtown’s and TLG’s board of directors and executive management teams have expressed support of the merge potential on the basis of accretive long-term value creation for the shareholder groups. The synergies from the merger are estimated to be €92-117m FFO increase per annum, achieved 5 years after the merger. In addition, a €23 – €45m per annum FFO increase potential will rise from incremental financing for future growth.
The market has been supportive of the merger, highlighting the high synergetic value of the merger. On 13th of January 2020, HSBC published a coverage of the German mid cap stocks, naming their top 5 picks from various sectors, and choosing Aroundtown SA as the leading stock representing the real estate sector. The target price by HSBC for Aroundtown increased from €8.8 per share to €11 per share. Currently the stock is traded at ca. €8, reflecting nearly 40% upside. The main catalyst for the price target increase is the merger.
Cyber Mogul Of India, Aditya Belnekar Explains How A Brand Should Be Promoted Digitally
With the world transforming into a digital space, there have been innumerable employment opportunities for the people to make their careers in social media. The name who is working tremendously in the field of digital marketing is Aditya Belnekar, a 22-year old entrepreneur, artist and an influencer. He never shied away from experimenting and that is his biggest strength behind becoming a successful entrepreneur. Since school, he had an ability to think different and out of the box which made way for him as a creative person.
Rightly called as the Cyber Mogul of India, he is the founder of ‘TEAMWIZARDMEDIA’, a leading marketing agency in India. It is constantly reaching new heights with promoting movies, brands, social artists, influencers and much more in the digital domain. His tremendous knowledge about marketing has helped many brands to grow digitally which have become well-known names on the internet today. One of the sole reasons behind the success of his company is the innovative and creative ideas he brings to promote every brand on the internet.
Sharing his thoughts about the same, he said “Every brand is different and caters to a different audience. The first thing before promoting a brand is to understand which audience it caters to. You cannot market a whisky brand on the platform where there are a majority of kids. It makes no sense”, he said. Besides this, he also believes that one should never stop learning. “We all are students in life and every experience teaches us something”, he added. Working hard towards one thing at a time, Aditya Belnekar is truly the inspirational force among the top digital marketers of India.
- Cyber Mogul Of India, Aditya Belnekar Explains How A Brand Should Be Promoted Digitally February 24, 2020
- Iseko Summers 2020 Goes To Mexico! The Ultimate Event For All Business Minds To Be Held From July 16 – July 20, 2020 February 24, 2020
- Top Personal Injury Lawyer of Covington GA, Ben Windham, Featured in the News February 24, 2020
- How Chase Campbell’s Brand ‘Size Up’ Changed The Entire Scenario Of The Supplement And Apparel Industry February 22, 2020
- Pennon Partners Claims Its Debt Consolidation Program Will Get You Out of Debt February 22, 2020
- Digital Stylists Take Away Your Wardrobe Woes, Says Rachel Choy February 22, 2020
- Top Ways to Select Good Background Music for Your Videos February 20, 2020
- Leon Budrow: The Heart of a Rising Star February 20, 2020
- Liquid Kratom Concentrates: Future of Kratom Consumption February 20, 2020
- Wadi Swat Transport is Selected as the Most Reliable and Trusted Bus Transportation Company in the UAE February 20, 2020
Lifestyle7 months ago
Catholic Cases App brings Church’s Moral Teachings to Androids and iPhones
Tech1 year ago
Cloud Buyers & Investors to Profit in the Future
Entertainment7 months ago
Avengers Endgame now Available on 123Movies for Download & Streaming for Free
Entertainment7 months ago
123Movies Predicts Hobbs and Shaw will be the Most Downloaded Movie of 2019
World1 year ago
The New Feyenoord Stadium to have 63000 Seat Capacity
Entertainment9 months ago
Jonas Brothers’ ‘Chasing Happiness’ Amazon Documentary now Available for Free on Fmovies
Tech1 year ago
Siri’s latest glitch shows Donald Trump’s age as a penis
Tech8 months ago
Steam Offers Free Games Just Before Steam Summer Sale 2019