London, 15 April 2021 - Petrus Advisers have today launched a voluntary public purchase offer for all rectification rights from the squeeze-out 2018 of BUWOG AG (ISIN: AT0000A23KB4) for EUR 1.65/unit. Petrus Advisers deem the existing and precedent purchase offers opportunistic and too low and hence have decided to launch a purchase offer for those holders of rights that are interested in an immediate cash alternative at better terms. The legal proceedings disputing the fairness and appropriateness of the squeezeout price (cash compensation) are ongoing and there is currently no tangible progress nor justifiable evidence that would allow for an educated time estimate of the future outcome. The offer bears no minimum acceptance threshold and will be available to all existing holders of BUWOG upside rights. The offer will expire on 5 th May 2021 and settle on 12th May 2021. For more information, please visit www.petrusadvisers/purchaseoffers.
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