SCHW - A Judicial Review Will Decide The Fate For Minority Shareholders Being Squeezed-Out Of Comdirect By Commerzbank
Comdirect shares are traded on German stock exchanges. Average volume is about 69,813 shares on e.g. the electronic trading system XETRA.
This article will focus on the special situation. Majority shareholder Commerzbank (OTCPK:CRZBF) wants to squeeze-out minority shareholders.
On March 16, 2020 the cash compensation was announced at €12.75 per comdirect share, after Commerzbank made the formal request according to law to the comdirect management board to “execute the procedure of the transfer of shares of the minority shareholders of comdirect against adequate cash compensation in relation with a merger between comdirect and