DB - Deutshe Bank wins suit over Postbank takeover

A German court rules that Deutsche Bank ([[DB]] +0.7%) doesn't have to pay former investors in its retail subsidiary Postbank a higher price than it offered in its 2010 tender offer, Reuters reports.The Cologne Higher Regional Court dismissed a lawsuit by former Postbank shareholders, who had accepted the offer of ~EUR 25 ($30.50) per share, but asked for an increase because Deutsche Bank had bought shares earlier at a higher price.The investors sued DB for EUR 740M ($903M) in additional compensation. They can still appeal the ruling at the Federal Supreme Court.The plaintiffs claim that Deutsche Bank had essentially taken control of Postbank in 2008 when it bought a stake of almost 30% at a much higher price than the EUR 25 per share that investors received in the 2010 tender offer. The court disagreed.In 2016, Deutsche Bank wrote down the book value of Postbank by about a third.

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Deutshe Bank wins suit over Postbank takeover