Elector GmbH made a mandatory tender offer to acquire remaining 66.81% stake in Clere AG (XTRA: CAG) on May 3, 2017. Under the terms of the mandatory offer, Elector is obliged to offer cash payment in an amount of the weighted average exchange price of the Clere share during the last six months. Clere AG intends to de-list after the de-listing approval from the supervisory and management board of Clere AG and is subject to approval by the executive board of Frankfurt Stock Exchange. As on May 24, 2017 Elector GmbH publishes it’s delisting tender offer to the shareholders of Clere AG. The acceptance offer period ends on June 22, 2017. Elector GmbH will pay €16.33 for each share of Clere AG, amounts to a total consideration of €64.25 million. The transaction will be financed through an acquisition loan from UniCredit Bank AG. Christoph F. Vaupel, Lars-Gerrit Lüßmann, Sebastian Beyer, Tobias Henke, Dorothee Barg, and Li Alena Backstein of Taylor Wessing acted as legal as well as financing advisor. Elector GmbH cancelled the acquisition of remaining 66.81% stake in Clere AG (XTRA: CAG) on May 3, 2018.