What the entry of investor Paul Singer means

Paul Singer

The founder and head of the hedge fund Elliott Management is known for buying large blocks of shares in the takeover candidate shortly before or during a merger.


(Photo: dpa)

Frankfurt So far everything has gone like clockwork for Rolf Buch. The CEO of the Dax group Vonovia had carefully prepared the takeover of Dax competitor Deutsche Wohnen, which was announced at the end of May. But now Buch may still have to tremble about the finely balanced project. Because the mega merger has now called the hedge fund of the activist investor Paul Singer on the scene. According to a voting rights notification on Thursday evening, Singer controls a good three percent of the shares in Deutsche Wohnen.

Elliott is known for buying large blocks of stock shortly before or during a takeover and aggressively driving the price up. The investor obviously sees a lucrative investment opportunity in the takeover, which would create Europe’s largest real estate group.

This can be good news for Deutsche Wohnen shareholders, because Singer usually speculates on a higher premium. The American has recently caused unrest at a number of German companies. Nine examples of Singer’s activities:

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