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Hammerson aborts £3.4bn intu takeover as intu slates "unsatisfactory explanations"

Hammerson has abandoned its £3.4bn takeover offer for intu Properties on the grounds the acquisition “is no longer in the best interests of shareholders”. Intu has responded by slating Hammerson’s reasons for withdrawing as “unsatisfactory”.
By James Buckley
April 18, 2018 | 12:37 P.M.

The pair announced on 6 December that Hammerson was to take over intu Properties in a move that would have created a £21bn pan European retail and leisure property company, and kickstart a £2bn principally UK focused disposal programme aimed at rationalising the giant combined portfolio.

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