'Elliott Gets €200 Million Payday From Deutsche Bank Settlement' - Bloomberg Law
Portfolio Pulse from Benzinga Newsdesk
Elliott Investment Management is set to receive nearly €200 million from Deutsche Bank as part of a settlement resolving a long-standing legal dispute related to Deutsche Bank's takeover of Postbank. This settlement marks a significant resolution for the activist hedge fund, which was the largest plaintiff in the litigation.
August 22, 2024 | 3:52 pm
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Deutsche Bank has reached a settlement with Elliott Investment Management, paying nearly €200 million to resolve a legal dispute over its Postbank acquisition. This settlement could impact Deutsche Bank's financials and investor sentiment.
The settlement resolves a significant legal dispute, which could have positive implications for Deutsche Bank by removing legal uncertainties. However, the financial payout may impact short-term financials, leading to a neutral short-term price impact.
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