TAGOF - LEG Immobilien AG Wants To Merge With TAG Immobilien AG - What That Means For Shareholders
The German residential real estate sector remains in motion. LEG Immobilien AG (LEGIF) announced that it is in talks with rival TAG Immobilien AG (TAGOF) regarding a potential merger. LEG plans to propose an all stock transaction in order to combine the companies' businesses. In this article I will explain why I believe that a merger would make sense and what it would mean for shareholders of both companies.
Source: TAG Immobilien AG
Portfolio Diversification
LEG's portfolio is predominantly located in Western Germany. TAG on the other hand is geographically focused