One takeover candidate is being replaced by the next in Deutsche Börse's small-cap index SDax. On Monday (January 13), the hospital software company Nexus $NXS (+6.08%) will have to leave the index after the US financial investor TA Associates secured almost 95 percent of the Donaueschingen-based company.
This means that Nexus no longer meets the minimum free float of ten percent, which is a prerequisite for membership in the index, as the Deutsche Börse subsidiary ISS Stoxx announced on Wednesday evening.
Instead, the online fashion retailer About You
$YOU (+0%) is returning to the SDax - but its days there are probably numbered. Because its much larger competitor Zalando $ZAL (-4.93%) only announced a 1.13 billion euro takeover bid for About You in December and has already secured three quarters of the shares.
Source: Handelsblatt