Otherwise unchanged offer. Now it's time to wait for a counter offer from Aggregate.
The US major shareholder Starwood Capital, which wants to increase its 29.99 percent stake in CA Immo, has increased its takeover offer for the office property group to 36 euros per share. A week ago, the US company initially promised EUR 34.44 per share for a mandatory offer running until April 9. At that time, that was already less than the current rate of 35.70 euros.
In general, a counter offer from the investor Aggregate Holding is expected. Should it come to that, there is a threat of a takeover battle.
Apart from the price, nothing will change in Starwood's offer, which is placed through the holding company SOF-11 Klimt CAI Sarl. It is an anticipated mandatory offer for all CA Immo shares and convertible bonds that are not held by Starwood or by CA Immo itself.
