German real estate companies LEG, TAG in merger talks
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BERLIN (Reuters) - German real estate companies LEG Immobilien and TAG Immobilien are in talks about a potential combination of their businesses, LEG said on Friday.LEG would offer TAG shareholders to exchange their shares for LEG stock, the group said in a statement."At this stage it is uncertain whether an agreement will be reached and whether a transaction will be announced," LEG added.Shares in TAG were up 4.6% at 1205 GMT, while LEG shares were up 0.3%, paring most of their earlier..