German retailer Metro says €5.8bn takeover bid is too low
The company has advised shareholders to hold off on taking action until management comments further
23 June 2019 - 17:04
Frankfurt — Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further.
On Friday, EP Global Commerce, an acquisition vehicle owned by the Czech and Slovak investors, made the takeover offer, which valued the company at €5.8bn...
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