The deal, which is expected to close on or before 1 December this year, will be at a price of 25% over the last average closing shares price on the Frankfurt, Berlin and Stuttgart stock exchanges.
As per the merger agreement, the acquirer will issue 8.25% convertible senior unsubordinated bonds to shareholders of Prudential Global Real Estate and Global Capital & Financial.
Upon receiving regulatory approval, Russell is committed to list all the new issued bonds on one or more stock exchanges.
