Elector GmbH made a mandatory takeover offer to acquire remaining 69.1% stake in Clere AG (XTRA:BAFK) from Octavian Advisors, LP and others for approximately €100 million on April 8, 2016. Elector GmbH will pay €25.5 per share. Taylor Wessing acted as legal advisor to Elector GmbH. Elector GmbH cancelled the acquisition of remaining 69.1% stake in Clere AG (XTRA:BAFK) from Octavian Advisors, LP and others on April 8, 2017.