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Business|UPDATE

Hammerson withdraws ​its ​offer for Intu

London - UK shopping centre giant Hammerson has called off its proposed 3.4 billion pound deal with smaller rival Intu, citing a weak market and a disconnect between share price and the value of its business. In a statement issued this morning, the board of Hammerson noted that it “firmly believed in the strategic rationale of combining Intu’s...

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Business|REPORT

Klépierre withdraws 5 billion pounds offer for Hammerson

London - European shopping centre owner Klépierre has announced that it does not intend to make a formal offer for Hammerson on Friday morning, clearing the way for the UK shopping mall giant to continue forward with its deal to take over rival Intu. Klépierre noted that Jean-Marc Jestin, the Chairman of the Executive Board of Klépierre, met...

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Member
Business|UPDATE

UPDATE: Klépierre raises offer for Hammerson

London - European property giant Klépierre is intent on taking over UK shopping mall owner Hammerson and derailing its current deal to take over smaller rival intu, as it has submitted a revised offer. Klépierre, which originally made a 5 billion pound takeover bid to Hammerson last month, has submitted a revised proposal, which sees it raising...

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Business|UPDATE

Hammerson places Intu takeover on hold as Klépierre position remains 'unclear'

London - Hammerson, one of Britain's leading shopping center owners, has delayed its acquisition of smaller British rival Intu, as its current position with European property giant Klépierre remains 'unclear.' In a trading update released on Thursday, Hammerson stated it did not intend to finalize shareholder documents related to its proposed...

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