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NewRiver REIT tables £147m offer for Capital & Regional
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On the last day before the offer period commenced (22 May 2024), the proposal made by NewRiver valued Capital & Regional at 62.5p per share, a figure that represents a 21% premium to the company's closing share price on that date (51.5p). NewRiver's offer additionally represents an 18% premium to the half year average price of 53p per share. Today's news comes after NewRiver raised £50.2m from investors as it prepared to take over the UK shopping centre landlord. NewRiver REIT raises £50m to make possible takeover bid for Capital & Regional Under the terms of the latest deal,...
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