The board of German rail freight asset owner and logistics firm VTG has rejected a €1.52bn ($1.8bn) takeover bid from a private equity fund managed by US investment bank Morgan Stanley.
Morgan Stanley subsidiary Warwick Holdings had built up a 27% stake in VTG, which is listed on Frankfurt Stock Exchange, and according to VTG, has also agreed to buy just over 20% from Kuehne Holdings at €53 per share.
According to Reuters, …

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Source: The Loadstar