Dr. Helmut Rothenberger Holding GmbH made a bid to acquire the remaining 70.05% stake in Nordwest Handel AG (DB:NWX) for €41 million on October 11, 2017. Under the public tender offer, Rothenberger will acquire the bearer shares of NORDWEST Handel AG for an offer price of €18.25 per NORDWEST share. Dr. Helmut Rothenberger Holding GmbH currently holds 29.95% stake in Nordwest. As on November 21, 2017, board of Nordwest made a statement saying the offer is not appropriate from financial point of view. Robert Weber, Markus Stephanblome, Justus Herrlinger, Andreas Wieland, Julia Sieber, Simon Rommelfanger, Daniel Valdini and Kirsten Donner of White & Case, L.L.P. (Germany) acted as advisor to Dr. Helmut Rothenberger. Dr. Helmut Rothenberger Holding GmbH cancelled the acquisition of the remaining 70.05% stake in Nordwest Handel AG (DB:NWX) on October 11, 2018.