UK's St. Modwen Properties gets $1.68 billion potential offer from Blackstone

© Reuters.

(Reuters) – British property developer St. Modwen Properties said on Friday private equity firm Blackstone (NYSE:) has made a possible takeover offer of 542 pence per share.

The company said the cash offer represents a premium of about 21% to the stock’s last close of 448 pence and that its board would be willing to recommend it unanimously should Blackstone make a firm offer at that price.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more