Intu considers UK-Saudi takeover offer

first_img whatsapp Jessica Clark Share Shopping centre chain Intu is considering a takeover offer from a consortium including British billionaire John Whittakar, Saudi investment group Olayan, and Brookfield Property Group.  Intu considers UK-Saudi takeover offer Friday 19 October 2018 8:59 amcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Shares in Intu were up more than 14 per cent on the news that the company was mulling the offer to go private. Read more: Intu shares soar nearly 30 per cent on John Whittaker takeover rumoursThe consortium made an indicative proposal of 205p per share on 11 October, which was then revised to an offer of 215p per share. Intu owns some of the UK’s most well-known shopping centres, including the Trafford Centre in Manchester and the MetroCentre in Gateshead.Whittaker already owns a 27 per cent stake in the company through investment fund Peel Group, while Olayan has a 2.6 per cent stake.  Shares jumped nearly 30 per cent earlier this month after Whittaker’s plan was reported.Read more: Aldi and Lidl eat into Tesco and Sainsbury’s market share whatsapp Tags: Trading Archivelast_img

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