Whittaker-led Group Makes Revised Offer for Shopping Centre Owner Intu
- Intu considering £2.8bn takeover bid from John Whittaker
- Whittaker owns 27% of Intu through Peel Group, Brookfield and Olayan consortium
- Indicative proposal received at 11 October: 205 pence per share in cash
- Revised proposal on 17 October: 215 pence per share in cash
- Access to due diligence materials granted until 1 November
Shopping centre owner Intu is considering a £2.8bn takeover bid from John Whittaker, who owns 27% of the company through his investment firm Peel Group, US asset manager Brookfield, and Saudi Arabia’s Olayan consortium. On October 11th, Intu received an indicative proposal of 205 pence per share in cash. A revised offer of 215 pence per share was presented on the 17th. The independent committee granted access to due diligence materials and has until November 1st for a firm announcement.
Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about the takeover bid, including details of the consortium involved, the proposal amounts, and the deadline set for a firm intention to make an offer. It does not include any digressions, sensationalism, redundancy, or personal opinions.
Noise Level: 3
Noise Justification: The article provides relevant information about a potential takeover bid and the progress of discussions between the involved parties. It is informative without being overly noisy or irrelevant.
Financial Relevance: Yes
Financial Markets Impacted: Intu, John Whittaker, Peel Group, Brookfield, Olayan
Financial Rating Justification: The article discusses a potential takeover bid for the shopping centre owner Intu by a consortium led by John Whittaker, which would impact the financial markets and companies involved in the transaction.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of any extreme event in the last 48 hours.
