1st Jul 2021 15:22
Globalworth Real Estate Investments Ltd - real estate investor - Takeover offer from CPI Property Group SA and Aroundtown SA reaches third closing date. Consortium extends offer again until July 9. Has only received acceptances from 2.6% of Globalworth's issued share capital. Globalworth adds: "The independent committee continues to advise Globalworth shareholders to take no action in relation to the offer." In mid-April, CPI and Aroundtown together offered to buy out Globalworth for EUR774 million in cash. The consortium offered EUR7 per share for the stake in Globalworth it doesn't already own. The bid values Globalworth at EUR1.57 billion.
Current stock price: EUR6.91
Year-to-date change: down 3.0%
By Eric Cunha; [email protected]
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