6,307
edits
Deutsche Wohnen: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 2: | Line 2: | ||
== Irregularities == | == Irregularities == | ||
May 30, 2023: Proxy adviser Institutional Shareholder Services (ISS) now backs the call by Elliot to have the loan investigated. "While there is currently no clear and irrefutable evidence of wrongdoing by members of the management and supervisory boards in connection with the loan agreement, the conduct of the boards in the context of Vonovia's takeover raises legitimate concerns about potential conflicts of interest and breach of fiduciary responsibilities," ISS said in a research report<ref>https://www.reuters.com/markets/europe/proxy-adviser-iss-backs-investigation-into-deutsche-wohnen-loan-vonovia-2023-05-30/</ref>. | |||
May 23, 2023: Activist investor Elliott wants shareholders to install an independent investigator to look into the 2 billion euros loan that Deutsche Wohnen advanced to Vonovia in January 2022. Elliot wants to find out if the loan was in the best interest of shareholders<ref>https://www.reuters.com/business/elliott-seeks-investigation-into-loan-by-deutsche-wohnen-vonovia-2023-05-22/</ref>. | May 23, 2023: Activist investor Elliott wants shareholders to install an independent investigator to look into the 2 billion euros loan that Deutsche Wohnen advanced to Vonovia in January 2022. Elliot wants to find out if the loan was in the best interest of shareholders<ref>https://www.reuters.com/business/elliott-seeks-investigation-into-loan-by-deutsche-wohnen-vonovia-2023-05-22/</ref>. | ||
== References == | == References == | ||