DTCWY - Biggest German landlord Vonovia to buy Deutsche Wohnen in Euro19B deal

In the biggest-ever takeover in European real estate, Germany's Vonovia ([[VNNVF]], [[VONOY]]) offers to acquire rival Deutsche Wohnen (DTCWY) for ~€19B ($23B) in a deal that would create Europe's largest residential real estate group.Under the deal terms, Vonovia will offer €53.03/share for each Deutsche Wohnen share, including a proposed cash dividend.Vonovia says it is planning a rights issue of as much as €8B to fund the takeover.The third time could be the charm, as the latest move marks the third time Vonovia has tried to buy Deutsche Wohnen.

For further details see:

Biggest German landlord Vonovia to buy Deutsche Wohnen in €19B deal