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Intu Properties PLC (INTUP.L)

INTUP.L on London Stock Exchange

200.50GBp
11:35am EDT
Change (% chg)

-1.80 (-0.89%)
Prev Close
202.30
Open
200.00
Day's High
201.40
Day's Low
197.95
Volume
3,958,399
Avg. Vol
5,560,476
52-wk High
283.80
52-wk Low
188.90

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Wed, Apr 18 2018

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April 18 Hammerson Plc has withdrawn its recommendation to shareholders that they back a merger with Intu Properties Plc, the British property company said on Wednesday.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

Major Hammerson shareholder to vote against Intu acquisition

Dutch pension fund APG Asset Management said on Friday it will vote against the Hammerson Plc's acquisition of shopping center operator Intu Properties Plc if the company tables the deal for approval at its shareholder meeting.

Major Hammerson shareholder to vote against Intu acquisition

April 13 Dutch pension fund APG Asset Management said on Friday it will vote against the Hammerson Plc's acquisition of shopping centre operator Intu Properties Plc if the company tables the deal for approval at its shareholder meeting.

UPDATE 3-Hammerson shares slide as Klepierre walks away from bid

* Klepierre says Hammerson failed to provide "meaningful engagement"

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