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Vonovia SE to Discuss New Voluntary Offer for Deutsche Wohnen Shareholders M&A Call Transcript
And welcome, everyone, to our analyst and investor call on the new voluntary offer subject to BaFin approval that we want to launch for Deutsche Wohnen shareholders. We appreciate all of you dialing in, especially on such short notice. Today's presentation is rather short and will be followed by Q&A. And now over to you, Rolf.
Thank you, Rene, and a warm welcome also from my side. It is exactly one week ago that we had to announce that our offer fell short of the required 50% by less than 3 percentage points. The consequence was that a friendly deal has wide support that makes strategic sense and add economics and social value could not go through. The way we see it was caused by some opportunistic behavior of certain investors, combined with certain technicalities of the very complex German takeover law. But rather than to dwell on the past, I would like to look ahead.
The business combination of Vonovia and Deutsche Wohnen has a
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