Edition:
India

Intu Properties PLC (ITUJ.J)

ITUJ.J on Johannesburg Stock Exchange

3,325.00ZAc
23 May 2018
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3.00 (+0.09%)
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Wed, Apr 25 2018

UPDATE 1-Hammerson's 3.4 billion-pound takeover of Intu officially abandoned

LONDON, April 25 A 3.4 billion-pound takeover of British shopping centre operator Intu Properties by bigger rival Hammerson has been formally scrapped after Hammerson was freed from its obligation to hold a shareholder vote on the deal.

Intu withdraws recommendation for Hammerson's $4.7 billion takeover offer

British shopping centre operator Intu Properties said on Wednesday it was withdrawing its recommendation for a takeover offer from Hammerson for 3.4 billion pounds ($4.74 billion).

Intu withdraws recommendation for Hammerson's $4.7 bln takeover offer

April 25 British shopping centre operator Intu Properties said on Wednesday it was withdrawing its recommendation for a takeover offer from Hammerson for 3.4 billion pounds ($4.74 billion).

Retail worries spur Hammerson U-turn on $4.8 billion Intu deal

British shopping center operator Hammerson is pulling out of buying smaller rival Intu Properties by asking its increasingly skeptical shareholders not to back the planned 3.4 billion pound ($4.8 billion) deal.

UPDATE 5-Retail worries spur Hammerson U-turn on $4.8 bln Intu deal

* Hammerson rises 4.2 pct to 514.2 pence (Updates with comment from Hammerson investor APG)

Corporate earnings and sterling push Britain's FTSE higher

LONDON, April 18 A positive start to the first-quarter earnings season and a softening pound triggered by weak inflation data helped to lift Britain's FTSE 100 index on Wednesday as concerns ease over a U.S.-Russia stand-off over Syria.

BRIEF-Hammerson Withdraws Shareholder Recommendation For Intu Deal

* WITHDRAWAL OF RECOMMENDATION IN RESPECT OF INTU PROPERTIES PLC

Hammerson withdraws recommendation that shareholders back Intu deal

April 18 Hammerson Plc has withdrawn its recommendation to shareholders that they back a merger with Intu Properties Plc, the British property company said on Wednesday.

BRIEF-Intu Says Planning To Invest Over 560 Mln Stg In UK Centres Over Next 3Yrs

* CONTINUE TO SEE GROWTH OPPORTUNITIES FOR £10 BILLION UK PORTFOLIO

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