United Internet wants to acquire 9.19% shares of 1&1 at EUR 18.50
- United Internet wants to acquire 9.19% shares of 1&1 at EUR 18.50 through a public offer, taking its stake to 90%.
- United Internet said a free float of at least 10% of 1&1 shares is to be maintained, allowing sufficient stock exchange trading.
- A domination and/or profit and loss transfer agreement, a delisting and/or a squeeze-out are not planned.
- The offer represents a premium of 20% over yesterday’s closing price and around 29% over volume-weighted average share price in the last three months.
- 1&1 shares are up almost 20% following the announcement.