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- After some back and forth, the banks fully merged in 2020, with the Postbank brand still continuing to exist but as a mere branch of Deutsche Bank AG.
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Aug 21, 2024 · The bank has reached agreements with more than 80 plaintiffs representing almost 60 per cent of the total claims in this litigation, settling on the basis of 31 euros per share as proposed by the bank.
Apr 28, 2024 · What is the litigation matter about? - As described on page 310 of the Annual Report 2023, the plaintiff’s assertion is that control of Postbank had transferred to Deutsche Bank in 2008 and that the bank was obligated to make a mandatory takeover offer at that time at a higher price (€ 57.25 per share) than the offer of October 7, 2010 (€ ...
Aug 21, 2024 · Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has made significant progress in its conversations with plaintiffs in the litigation concerning the takeover of Postbank and the offer price paid to former Postbank shareholders.
Aug 22, 2024 · Deutsche Bank has reached settlements with 60 per cent of claimants in a more than decade-long dispute over its acquisition of Postbank, paving the way to an expected €430mn boost to its...
Aug 23, 2024 · Deutsche Bank subsequently decided to sell Postbank, aborting a large-scale project to merge its IT systems. The sale was canceled when it failed to find a buyer, forcing it to initiate the next revamp.
- Steven Arons
Sep 13, 2024 · Following a series of tender offers, Deutsche Bank acquired and merged with Postbank AG in 2020. Shareholder suits alleging the takeover price was insufficient were initiated even prior to the merger.
Sep 5, 2024 · In the litigation concerning the takeover of Postbank, Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) reached a settlement with the long-standing plaintiff Effecten-Spiegel AG.
