April 13, 2018 / 6:37 AM / 2 months ago

BRIEF-Klepierre Says It Does Not Intend To Make An Offer For Hammerson

* KLÉPIERRE : STATEMENT REGARDING HAMMERSON PLC (“HAMMERSON”)

* CONFIRMS THAT ON 9 APRIL 2018, JEAN-MARC JESTIN, CHAIRMAN OF EXECUTIVE BOARD OF KLÉPIERRE, MET WITH CHAIRMAN OF BOARD OF DIRECTORS OF HAMMERSON, DAVID TYLER

* MADE AN INCREASED PROPOSAL TO HAMMERSON ON A STANDALONE BASIS OF 635 PENCE PER HAMMERSON SHARE

* INCREASED PROPOSAL REPRESENTS A PREMIUM OF 45% TO HAMMERSON’S UNDISTURBED SHARE PRICE OF 437.10 PENCE PER HAMMERSON SHARE ON 16 MARCH 2018.

* SAYS THE BOARD OF HAMMERSON DID NOT PROVIDE ANY MEANINGFUL ENGAGEMENT WITH RESPECT TO THE INCREASED PROPOSAL

* HAS CONCLUDED THAT IT DOES NOT INTEND TO MAKE AN OFFER FOR HAMMERSON Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below