WLTW

Willis Towers Watson Public Limited Company

231.56
USD
-1.19%
231.56
USD
-1.19%
197.63 271.87
52 weeks
52 weeks

Mkt Cap 28.85B

Shares Out 124.61M

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Shares in Deutsche Euroshop surge on takeover offer

Adds share price, details BERLIN, May 23 (Reuters) - Shares in Deutsche Euroshop DEQGn.DE jumped 41.4% in early Frankfurt trade on Monday after a consortium of bidders offered 1.4 billion euros ($1.48 billion) to acquire the German shopping centre investor. Hercules BidCo's offer provides for 21.50 euros per share, plus a planned 2021 dividend of 1 euro per share, amounting to a 44% premium on Friday's closing share price. Hercules Bidco is controlled by financial investor Oaktree Capital and Cura Vermoegensverwaltung, which is owned by Alexander Otto. The entrepreneur already owns around one-fifth of the Hamburg-based Deutsche Euroshop. ($1 = 0.9436 euros) (Reporting by Nadine Schimroszik, writing by Rachel More; Editing by Paul Carrel and Edmund Blair) ((rachel.more@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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