German Real Estate Firm GSW Backs Offer From Deutsche Wohnen -Reuters
GSW Immobilien AG (GIB.XE), a German real estate company, on Monday said it would recommend shareholders accept a 1.7 billion euro ($2.3 billion) takeover offer from Deutsche Wohnen (DWN.XE), a rival, Reuters reported, citing a statement from GSW.
GSW said the stock-swap deal could be completed before the end of the year, Reuters reported.
Full story at: www.reuters.com/article/2013/10/14/us-gsw-deutschewohnen-idUSBRE99D0FX20131014
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(END) Dow Jones Newswires 10-14-131603ET Copyright (c) 2013 Dow Jones & Company, Inc.