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"Shopping centres giant Hammerson on Thursday ratcheted up its defence against a £4.9 billion takeover attempt by French rival Klépierre, but admitted it has put the brakes on its own swoop for landlord Intu.
"... But the malls giant's report also revealed its £3.4 billion plan to buy smaller competitor Intu — first unveiled in December — has been delayed. Its shareholders had been expecting voting documents in late March.
"The decision comes just over a fortnight after Hammerson said it had received and rejected a 615p-per-share approach from Klépierre."
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