✉news TechnologyInternet first seen 18 h ago, last 16 h ago, peak #26
United Internet buys 35.4 million new 1&1 shares
Original: 1&1 AG: United Internet AG, Acquisition of 35,352,929 new shares as part of a capital increase in return for a contribution in kind by 1&1 AG at a notional issue price of EUR 24.05 per new share, ...
United Internet AG is acquiring 35,352,929 new shares in 1&1 AG as part of a capital increase carried out through a contribution in kind. The new shares are priced at a notional issue price of EUR 24.05 each. The move strengthens United Internet's stake in its subsidiary 1&1 and injects assets rather than cash into the telecommunications company's balance sheet.
Why now: A major capital transaction between two prominent listed German internet and telecom companies has just been announced.
Evidence
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