{"id":121288,"date":"2021-04-15T10:05:58","date_gmt":"2021-04-15T10:05:58","guid":{"rendered":"https:\/\/precoinnews.com\/?p=121288"},"modified":"2021-04-15T10:05:58","modified_gmt":"2021-04-15T10:05:58","slug":"austrian-takeover-commission-delays-review-of-immofinanz-offer-for-s-immo","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/austrian-takeover-commission-delays-review-of-immofinanz-offer-for-s-immo\/","title":{"rendered":"Austrian takeover commission delays review of Immofinanz offer for S Immo"},"content":{"rendered":"
April 15 (Reuters) – Austria\u2019s takeover commission will take more time to review property group Immofinanz\u2019s takeover offer for peer S Immo, it said on Thursday.<\/p>\n
The commission said it would publish its decision on the Austrian deal \u201cin a timely manner\u201d, citing the need to examine offer documents more closely. The review was previously expected to be published on April 15.<\/p>\n
A tie-up between the two companies has been on and off for years as they look to create a stronger business and make savings. In 2019, they abandoned talks after failing to agree on a share exchange ratio.<\/p>\n
In late March, Immofinanz increased its offer for S Immo to 22.25 euros ($26.65) per share from 18.04 euros per share.<\/p>\n
S Immo shares were unchanged at 21.50 euros at 0837 GMT.<\/p>\n