The Vonovia housing group does not want to fail again in its renewed reach for competitor Deutsche Wohnen. Vonovia boss Rolf Buch is therefore throwing the previously targeted minimum acceptance threshold of 50 percent of Deutsche Wohnen shares overboard, as Deutsche Wohnen announced on Monday. Vonovia can thus continue to collect shares and secure the shots with the Berliners in the future – even if the Bochum-based group remains below the originally targeted 50 percent of the shares in the current attempt. Because Buch has prepared for this case. “The transaction can no longer fail on conditions,” he told the Reuters news agency. Vonovia has “waived the minimum acceptance threshold and all further closing conditions of its takeover offer to the shareholders of Deutsche Wohnen,” announced Deutsche Wohnen. The waiver extends the acceptance period, which originally expired on September 20, 2021, by two weeks and will now end on October 4, 2021, it said. The Deutsche Wohnen shareholders therefore have more time to offer the shares. In addition, the two groups have agreed that Deutsche Wohnen will sell its own shares to Vonovia if the minimum acceptance threshold is abolished. Almost one percent of the shares thus go to the Bochum company. Vonovia is expected to receive a further 5.17 percent from a cash capital increase with the exclusion of subscription rights. The Bochum-based company also already holds almost 30 percent of the Deutsche Wohnen shares, and just under four percent were offered to them by Friday evening as part of the takeover offer. So Buch has already tightened its grip on the Berliners and can be sure of a majority at the general meetings of Deutsche Wohnen. Vonovia can also buy additional shares on the market. Buch is confident that he will secure the majority: “We (..) continue to assume that we will get over 50 percent.”