FRANKFURT May 10 German property group TLG
Immobilien is preparing a takeover offer for peer WCM
as it seeks to buy stakes from the company's largest
shareholders, three people close to the matter said.
TLG is close to striking a deal to buy a 26 percent stake in
WCM from DIC Asset and a 14 percent stake belonging to
the Ehlerding family, the people said.
Following the acquisition of these stakes, TLG would launch
an offer to buy out all remaining shareholders, they added.
The deal may be announced as early as this week, they said.
TLG, DIC and WCM declined to comment, while Ehlerding was
not immediately available.
(Reporting by Alexander Hübner and Arno Schuetze; Editing by