logo
Plus   Neg
Share
Email

Scout24 Shareholders Reject Takeover Offer - Quick Facts

Scout24 AG said it will further focus on its growth strategy as the takeover bid by Hellman & Friedman and Blackstone was rejected by majority of shareholders. The bid failed to reach the acceptance threshold of 50 percent plus one share, the company reported.

Scout24 AG said the outcome of the takeover bid has no impact on its fiscal year forecast. Scout24 continues to project revenue growth between 15 and 17 percent and an ordinary operating EBITDA margin between 52 and 54 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Microsoft Corp. (MSFT) founder Bill Gates has admitted that his greatest mistake was allowing Google's android to become a dominant mobile operating system. Speaking at a Economic Club of Washington luncheon, Gates said to David Rubinstein on Monday, "We're in the field of doing operating systems... McDonald's said Monday that the introduction of fresh beef at its restaurants just over one year ago has helped it gain market share in the informal eating out or IEO category for the first time in five years. In May 2018, the burger chain switched to fresh beef quarter-pound burgers from frozen beef across the U.S., as part of its efforts to provide customers with a "hotter, juicer burger." 'Toy Story 4' has broken global office box records for an animated movie, according to media reports. The movie is the fourth instalment in the 'Toy Story' series and is the sequel to 2010's 'Toy Story 3.' The Disney and Pixar film has reportedly earned $238 million after opening worldwide over the weekend and performed particularly well in Latin America and Europe.
Follow RTT