(RTTNews) – Atlantic BidCo GmbH has announced that it has passed the minimum acceptance threshold in the voluntary tender offer of Aareal Bank AG (AAALF.PK), obtaining a total of 74.62% of the shares after the end of the initial acceptance period. Upon closing, Atlantic BidCo will become the majority shareholder of Aareal Bank.
The additional acceptance period begins May 31, 2022 and ends June 13, 2022. The transaction is expected to close in Q4 2022 or Q1 2023.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.