Hammerson plc

Intu acquisition

  • Sectors : Real Estate
  • Companies : Hammerson plc

Ratings and price correct at time of issue.

  • Hammerson plc

    Closing Price: 53450p

  • RATING 20/07/17

  • PREVIOUS RATING N/A

DAVY VIEW

Hammerson has announced an all share offer for Intu, which we expect to be accepted given that it has received 50.6% irrevocable support from Intu shareholders. The price represents a 28% premium to Intu’s closing price and a P/NAV of 0.63x. The deal will create an enlarged pureplay in retail real estate.

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Dec 6 2017, 08:50 GMT

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