Intu Properties says considering bid from billionaire John Whittaker's consortium
(Reuters) - Retail property developer Intu Properties (L:INTUP) confirmed on Friday it was considering a 215 pence per share preliminary takeover offer from a consortium formed by British billionaire John Whittaker and Saudi Arabian and Canadian investors.
The consortium formed by Whittaker, Saudi Arabia's Olayan and Canadian property investor Brookfield Asset Management (TO:BAMa) has been granted access to company documents to conduct due diligence with a view to making a firm offer, the company said.
Copyright 2021 © GlobalFXm
Terms and conditions: Our Terms and Conditions, Risk Disclosure, and information about GlobalFXm services can be found here. The content on this website does not stipulate financial or investment advice. Any information here is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Products and services may not be available in certain jurisdictions. Risk Warning: Trading leveraged products such as Forex and CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all of your investment. Disclaimer about US and Japan traffic: This information is intended for investors outside the United States who are not US/Japanese citizens and residents. This website is intended for informational purposes only. This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. The products described on this are not offered.