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2018-04-18

Useless Hammerson management gets intu trouble: Daily Telegraph: "Hammerson ditches £3.4bn Intu takeover blaming high street slowdown"


Link to web site

"... David Atkins, Hammerson's chief executive, said: 'It is clear that the heightened risks to the Intu acquisition now outweigh the longer-term benefits.'

"Intu said it 'regards as unsatisfactory the explanations given by the Board of Hammerson for its withdrawal of its recommendation of the transaction... which Intu has been pursuing in good faith since its announcement on 6 December 2017.'

"Hammerson had faced a separate takeover approach from French rival Kl√©pierre but the suitor said it had abandoned the plan last week after the UK firm's board failed to 'provide any meaningful engagement' with the proposed £5bn deal."

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