Deutsche Wohnen Slumps After Offering to Buy LEG in Record Deal

Updated on
  • Residential landlord offers 3.3 of its own shares per LEG one
  • LEG's board accepts offer valuing company at 4.6 billion euros

Deutsche Wohnen AG, Germany’s second-largest residential landlord by market value, dropped the most in almost five years after offering to buy competitor LEG Immobilien AG as it strives to keep up with market leader Vonovia SE.

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