Reuters Germany dominates deals: RWE, Postbank & Hypo Real Estate
01.12.2009
Reuters extended its streak of winning the top M&A stories into 2009 with three market-moving exclusives. Reuters was first to report on Jan. 12 that German utility RWE , had agreed to buy Dutch peer Essent for 8 billion euros two hours before the announcement. RWE shares fell 3.5 percent on the news and Dow Jones cited Reuters for the scoop. Reuters broke news on Jan. 14 that Deutsche Bank and Deutsche Post had agreed on new conditions for the takeover of retail lender Postbank. Postbank shares ended down 17 percent. Finally, Reuters was first with news that Germany was poised to take a stake in Hypo Real Estate, which would be the second partial nationalisation of a big lender this month. Hypo shares fell almost 9 percent after the Jan 14 report.
