Consortium Led by John Whittaker Granted Extension for Intu Takeover Bid

  • Intu gives consortium another extension to consider £2.9bn deal
  • Consortium led by John Whittaker
  • Investment firm Peel Group, Saudi Arabian company Olayan Group and Canada’s Brookfield Property Group involved
  • Initial announcement made on 4 October 2018
  • First extension granted on 5 November
  • New deadline set for 22 November
  • Intu owns Manchester’s Trafford Centre and Lakeside shopping centre in Essex

Intu Properties has granted an extension to the consortium led by John Whittaker, which includes Peel Group, Olayan Group, and Brookfield Property Group, to consider a £2.9bn offer. The initial announcement was made on October 4th, and the first extension was granted on November 5th. The new deadline is set for November 22nd. Intu owns Manchester’s Trafford Centre and Lakeside shopping centre in Essex.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the extension given to the consortium led by John Whittaker for making a cash offer on Intu properties and mentions the involved companies. It also gives details about the deadline and the progress made in the discussions. The information is relevant and objective without any personal perspective or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about a business development involving Intu Properties and a consortium led by John Whittaker, but it lacks analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or new knowledge for the reader.
Financial Relevance: Yes
Financial Markets Impacted: Intu Properties, Peel Group, Olayan Group, Brookfield Property Group
Financial Rating Justification: The article discusses a potential takeover of Intu Properties by a consortium led by John Whittaker’s Peel Group, which would impact the involved companies and their respective financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification:

Reported publicly: www.retailsector.co.uk