Tag to launch EUR 174m takeover bid for Colonia

By A staff reporter 2010-11-19T00:00:00

Hamburg-based Tag Immobilien is launching a EUR 174 mln voluntary takeover offer for Cologne-based competitor Colonia Real Estate. In a statement last week, the company offered to pay EUR 5.5 for each Colonia share, representing a 30% premium on the company's average weighted market price for the past three months.

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