NewRiver ends suspense with R3bn offer for Capital & Regional
19 September 2024 - 19:22
Real estate investment trust NewRiver has announced its long-awaited offer to buy UK shopping centre owner Capital & Regional in a cash and share deal worth £147m (about R3.4bn).
The implied value of 62.5p per Capital & Regional share represents a 21% premium on the stock the day before the offer was made and its volume-weighted average for the three months before that. ..
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