Canada: Vonovia and German living: Mega-Deal failed for the time being

Decision Final: Basketball Star Schröder is missing at Olympia

 Decision Final: Basketball Star Schröder is missing at Olympia Basketball star Dennis Schröder will be missing the German national team as expected at the Olympics in Tokyo. © Provided by sport1.de Decision final: basketball star Schröder is missing at the Olympia basketball star Dennis Schröder will be missing the German national team as expected at the Olympics in Tokyo. The German Basketball Bund (DBB) announced the final decision on Friday.

It was a bang when the two largest German apartment companies of Vonovia and German living announced their planned merger in May.

Bereits im Jahr 2016 startete Vonovia einen Übernahmeversuch des Konkurrenten Deutsche Wohnen. © Bernd Thissen / DPA Already in 2016, Vonovia started a takeover attempt of the competitor German living.

The Bochum Vonovia, largest housing owner in Germany, wanted to take over the number one among the Berlin private rivals - with the consent of the competitor. But shareholders of German living have made a dash by the bill of Vonovia boss Rolf book. At least for the time being.

as collected in the afternoon at Vonovia, only around 47.6 percent of the shares of German living stood under the line, which Vonovia could have. Books people made a little hopes that until the end of the post-booking period, there were still enough post-bookings to reach the minimum capture threshold of 50 percent. The total cost of the deals would have amounted to around 18 billion euros. Already in June, the Bundeskartellamt had approved the purchase.

Everything for Olympia - Schachmann wants to end German Misere

 Everything for Olympia - Schachmann wants to end German Misere Buchmann belongs to German Quartet on © Imago Images / Beautiful Sports Among the German championships, he was already able to surround the gold medal: Maximilian Schachmann. If Maximilian Schachmann looks out of the hotel room away from the Olympic Trust in Tokyo, he sees the impressive skyline of Mount Fuji. So German medal hopping every morning after getting up the big goal is right in mind.

Takeover attempt failed again

"Unfortunately, the current shareholders of German living have not delivered their shares enough," said book according to the message. For him, this is not a new experience, in 2016, the German-Wohn shareholders once again showed him the cold shoulder at a takeover attempt. Although this time the Management Board and the Supervisory Board of the German Living, it was not enough.

With the planned agreement, both DAX corporations had continued the debate on excessive rents and scarce housing. The German living stood in focus not only in the now failed rental lid law of the Senate, but is also the main opponent of the initiative "German living and Co. expropriate". This is committed to domestic real estate of companies in Berlin, who have more than 3000 apartments on the reporting date of September 26th. Vonovia had just under 415,000 apartments at the end of 2020, of which a good 354,000 in Germany. The German living is around 114,000 of their more than 155,000 apartments in the capital.

Yankees' Germán has no-hitter broken up in 8th at Fenway

  Yankees' Germán has no-hitter broken up in 8th at Fenway BOSTON (AP) — Domingo Germán of the New York Yankees had his no-hitter broken up by Alex Verdugo's double leading off the eighth inning against the Boston Red Sox at Fenway Park. Mixing his well-spotted fastball in the mid-90 mph range with a changeup and curveball, the 28-year-old Germán struck out 10 and walked just one walk. Verdugo doubled to deep right. Germán was lifted after the hit by manager Aaron Boone. Germán struck out four batters in the seventh. The inning was prolonged by a passed ball on a strike three.

Vonovia had made concessions

to make the Berlin politics tasty the deal sirned by tenant guards, had made book concessions. Vonovia will commit to limit the annual rent increases in the next three years at most one percent a year, promised book. Both corporations also agreed with the Senate on the sale of around 20,000 units later this year to the country.

The Governing Mayor Michael Müller had responded to it positively, because apartments in municipal hand mean after his view more influence on socially acceptable rents and more security for many people. Whether it comes now is open. "We will continue to discuss the offer to Berlin, housing stocks, we will continue to discuss with those responsible», announced book. Similarly, the German Wohnen said. The talks on the housing purchase would continue. In addition, the Group reaffirmed the project to limit rent increases by 2026 and promote the construction of apartments in the metropolis.

10 facts - the most important for the start of the week at the

 10 facts - the most important for the start of the week at the Stock Exchange these 10 facts are likely to ensure movement in the markets. © Provided by finanzen.net Saeed Khan / AFP / Getty Images Keep an eye on the complete current trading day here. 1. DAX from weaker start The DAX moves mostly on Monday in the loss zone. 2. Exchanges in Far East without common tendency The Japanese key index Nikkei climbs 1.09 percent to 27.848.50 points after the long weekend. Holiday due to Tokyo last Wednesday was traded.

German-Living Chef Michael tooth, which should become a member of the merged group's deputy, showed optimistic despite the defeat. His company is "strategically excellent".

that he could no longer convince investors from his plans, book the shareholder structure with German living. Significant parts of the shares would be currently held by hedge funds and also by index funds, which are not allowed to act until the minimum acceptance rate is achieved - but that was not yet the case.

Vonovia wants to check more options

giving quite beaten, book but not yet. "We have spent broad support for our proposal that German living together with Vonovia," he stressed. An association of both companies makes sense both economically and socially politically. Vonovia will check possible options. These included "a new public offer or acquisition of other shares".

On the stock market, the reactions were different: while Vonovia layed with minus 2.7 percent at the DAX end, the papers not yet submitted to German Living placed something. Investors well hope that Vonovia is looking for solutions to get the acquisition over the stage.

Si, Oui, Hai: Interpreting joy and heartbreak at Tokyo Games .
TOKYO (AP) — Ask him how many languages he speaks, and Alexandre Ponomarev replies: “If you mean to make myself understood, I've lost count.” Count 'em. Ponomarev speaks Russian, Ukranian, English, German, Spanish, French and Danish. And gets by in Swedish, Portuguese, Italian and Norwegian. Ahh, but how about your Japanese? “Muzukashi,” replied Ponomarev, which means “difficult” in Japanese, and can be interpreted to mean he doesn't speak much.Count 'em. Ponomarev speaks Russian, Ukranian, English, German, Spanish, French and Danish. And gets by in Swedish, Portuguese, Italian and Norwegian.

See also