On 16 May, United Internet AG ("United Internet") has decided to submit a voluntary public acquisition offer in the form of a partial offer to acquire up to 16,250,827 no-par value bearer shares of 1&1 AG not already directly held by United Internet, corresponding to approx. 9.19% of the share capital.
With this offer, United Internet aims to further increase the existing stake in 1&1 of currently around 80.81% of capital stock and strengthen its voting majority. The offer document was published on 5 June.
Hengeler Mueller comprehensively advises United Internet on the voluntary public acquisition offer.
Hengeler Mueller-team for United Internet
Public M&A/Corporate: Daniela Favoccia (lead), Lucina Berger (both partner), Lea Grohmann, Christian Voigt (both senior associate), Laura Esmaty (associate, all Frankfurt).
Davis Polk-team
Leo Borchardt (partner), Christopher Diel (counsel), both London.
Inhouse legal team United Internet
Martin Düker (group general counsel), Tilmann Becker (senior legal counsel).
