Norbolsa | Telefónica (TEF) has launched a delisting tender offer to acquire the shares of Telefónica Deutschland that are not owned by Telefónica representing approximately 5.65% of the share capital and voting rights.
The delisting offer will be formulated as a tender offer and will not be subject to any conditions.
The offered price per share is €2.35, which is an attractive price that yesterday closed at €2.34/share. Upon delisting, the shares will no longer be listed on the Frankfurt Stock Exchange, which may lead to a reduction in the liquidity and price availability of Telefónica Deutschland shares, which in turn may cause a fall in the share price.
The acceptance period for the Delisting Offer will commence in March or early April 2024 and end in April or early May 2024.
