Davy Research

Hammerson plc

Intu acquisition
Real Estate
Hammerson plc

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.

Download full report with analyst certification and important disclosures
Download
Download full report with analyst certification and important disclosures
Download
  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Hammerson plc

    Closing Price: 53450p

  • RATING 20/07/17

  • PREVIOUS RATING N/A

Analyst(S)

COMPANY DATA

JUMP TO