Carlyle Pursues Voluntary Takeover Of German Data Provider

Law360, New York (September 19, 2012, 7:10 PM EDT) -- Private equity giant Carlyle Group LP has launched a voluntary takeover offer of a German financial data provider for €2.80 (US$3.66) per share and has received tender commitments from more than 90 percent of the German firm's stockholders, Carlyle said Wednesday.

The Washington, D.C.-based PE firm said it had made an offer through an outside bidder to acquire Vwd Vereinigte Wirtschaftsdienste AG, known as Vwd Group, which provides customized information, technology platforms and communications services for the German securities market.

Vwd Group has roughly 25.8 million...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.