Inside German Public Tender Offers

The Strategic Governance and M&A Advisory team at IHS Markit, now a part of S&P Global, has been involved in over 20 public tender offers in Germany over the past 36 months, representing approximately 70% of total transaction value during the period. This paper focuses on some of the most critical and commonly queried themes to get a better understanding of the capital market dynamics in a public tender offer, including the overall acceptance level uptick, investor tender behaviour and timing as well as target company's share ownership developments during the offer period.

By Andreas Posavac, Reza Eftekhari and Jason Engelberts

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Posted 15 July 2022 by Reza Eftekhari, Director, ESG, Corporate Governance & M&A Advisory, S&P Global Market Intelligence

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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.