BERLIN: Germany's top property group Vonovia on Sunday (Monday in Manila) sweetened its takeover offer for rival Deutsche Wohnen, after shareholders rejected an earlier bid.
Vonovia said in a statement it now intended to offer 53 euros ($63) per share in cash, up from 52 euros previously. Just 47.62 percent of Deutsche Wohnen shareholders had accepted the previous offer last week, falling short of the 50-percent threshold needed.
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