logo
Share SHARE
FONT-SIZE Plus   Neg

United Internet Reports Result Of Tender Offer For Drillisch - Quick Facts

United Internet AG (UDIRF.PK) announced the final result of the accompanying
voluntary tender offer for Drillisch. The company said, as at the expiry of the additional acceptance period on July 12, 2017, the tender offer has been accepted for a total of 1,224,157 Drillisch shares. This corresponds to a stake of
approximately 1.78 percent in Drillisch. Together with its existing shareholding, United Internet now directly and indirectly holds a total stake of approximately 30.95 percent in Drillisch.

The complete acquisition of 1&1 Telecommunication by Drillisch and the completion of the overall transaction agreed upon with Drillisch on May 12, 2017 are now subject
to the approval of the Drillisch shareholders. If they approve the proposed capital increase at the extraordinary general meeting on July 25, 2017, United Internet's interest in Drillisch will increase upon registration of the capital increase in the commercial register to at least 73.11 percent, including the shares tendered into the offer.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota is working on developing an electric car with a fast charging battery, the Chunichi Shimbun reported on Tuesday. Travelers leaving Comic-Con International in San Diego last weekend were in for a rude shock after United Airlines said that comic books were banned in their checked luggage. United Airlines claimed it was a Transportation Security Administration or TSA-mandated rule for all airlines operating out of San Diego over this weekend. A Singapore-based startup wants to make cryptocurrencies like Bitcoin go mainstream and be available for everyday transactions. TenX has built an app that serves as a digital wallet connected to the Visa card. The debit card will instantly convert multiple digital currencies into fiat money such as the dollars, yen and euros.
comments powered by Disqus
Follow RTT