March 13, 2018 / 1:09 PM / 2 months ago

E.ON says could gain control of Innogy without higher offer

ESSEN, Germany (Reuters) - E.ON (EONGn.DE) could gain full control of Innogy (IGY.DE) without raising its 40-euros-per-share ($49.5) bid for minority shareholders, its Chief Executive said after clinching a deal to buy RWE’s (RWEG.DE) 76.8 percent majority stake in the group.

E.ON had identified multiple ways to do this, Johannes Teyssen told analysts during a call without specifying, adding the group would not fall victim to “funny ideas” by potential activist shareholders.

    ($1 = 0.8083 euros)

    Reporting by Christoph Steitz and Vera Eckert; Editing by Edward Taylor

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