By Attorney-at-law Martin Arendts, M.B.L.-HSG
Several minority shareholders have requested a judicial review of the cash compensation, offered by Vonovia SE for the squeeze-out at BUWOG AG. With decision of 11 February 2019, the Commercial Court of Vienna (Handelsgericht Wien) appointed BINDER GÖSSWANG Rechtsanwälte GmbH as joint representative (for the former minority shareholders which did not request a judicial review).
Market participants obviously expect an amendment of the cash compensation. There are several offers to buy such rights for EUR 0.58:
https://spruchverfahren.blogspot.com/2019/02/kaufangebot-fur-buwog_8.html
https://spruchverfahren.blogspot.com/2019/02/kaufangebot-fur-buwog.html
IVA, the Austrian sharesholders´ association, recommends to wait for an even higher compensation amount.
Handelsgericht Wien, FN 349794 d, file no. 74 Fr 20749/18 m
Joint representative: BINDER GÖSSWANG Rechtsanwälte GmbH, 1010 Vienna, Austria
Several minority shareholders have requested a judicial review of the cash compensation, offered by Vonovia SE for the squeeze-out at BUWOG AG. With decision of 11 February 2019, the Commercial Court of Vienna (Handelsgericht Wien) appointed BINDER GÖSSWANG Rechtsanwälte GmbH as joint representative (for the former minority shareholders which did not request a judicial review).
Market participants obviously expect an amendment of the cash compensation. There are several offers to buy such rights for EUR 0.58:
https://spruchverfahren.blogspot.com/2019/02/kaufangebot-fur-buwog_8.html
https://spruchverfahren.blogspot.com/2019/02/kaufangebot-fur-buwog.html
IVA, the Austrian sharesholders´ association, recommends to wait for an even higher compensation amount.
Handelsgericht Wien, FN 349794 d, file no. 74 Fr 20749/18 m
Joint representative: BINDER GÖSSWANG Rechtsanwälte GmbH, 1010 Vienna, Austria
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