Today news
About the same in other media
Balanced Commercial Property trust agrees to £670m takeover offer by Starwood
Reading now: 946
Under the terms of the deal, shareholders will receive 96p in cash for each BCPT share, which represents a premium of around 21.5% to the closing price of 79p per share on 12 April, the trust said in a stock exchange notice today (4 September). The offer, tabled by Starlight Bidco on behalf of funds from $115bn private investment firm Starwood, also represents a discount of around 8.7% to BCPT's last reported net asset value per share of 105.1p as at 30 June. The deal follows a strategic review launched in April to explore all possible options for the trust, including a sale, merger,...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Marinade Appoints Ex-Fidelity, BNY Mellon Exec Hadley Stern As Chief Commercial Officer cryptonews.com /3 months ago
SpaceX Polaris Dawn mission's first-ever commercial spacewalk: Date, time, how to watch live streaming economictimes.indiatimes.com /3 months ago
Rightmove rejects takeover offer from Murdock-backed REA Group investmentweek.co.uk /3 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
