|Bid||39.20 x 5000|
|Ask||40.50 x 125000|
|Day's Range||33.96 - 34.13|
|52 Week Range||31.55 - 38.58|
|PE Ratio (TTM)||8.53|
|Forward Dividend & Yield||1.96 (5.64%)|
|1y Target Est||N/A|
Klépierre SA’s (ENXTPA:LI) most recent earnings announcement in December 2017 suggested that the business gained from a slight tailwind, eventuating to a single-digit earnings growth of 3.13%. Below, I’ve laidRead More...
Klepierre abandoned its 5 billion pound bid for Hammerson two weeks ago, accusing the British property company of failing to provide "meaningful engagement" over a potential deal. "We made an indicative proposal to acquire Hammerson a few weeks ago, so we cannot say we are not interested in the UK market," Jean-Michel Gault, deputy CEO of Klepierre, told Reuters in a telephone interview. Gault said the group still viewed Britain as an attractive and dynamic market, where it would want to develop some assets.
Hammerson Plc withdrew its 3.2 billion-pound ($4.6 billion) offer to buy Intu Properties Plc after a growing number of its shareholders opposed a deal that would have created the U.K.’s biggest shopping-mall ...
Budding optimism on global trade helped European shares advance on Friday although a turn lower on Wall Street after disappointing earnings cut some of the market's earlier gains. The STOXX 600 held near ...
Shares in shopping centre owner Hammerson tumbled this morning after French group Klepierre abandoned its proposed takeover of the group. The stock was down more than 13 per cent in early trading, after Klepierre said it no longer intends to make an offer for Hammerson, following two rejected bids. The French firm had initially offered 615p per Hammerson share, which the UK group rejected last month on the grounds that it “very significantly” undervalued the company.
Shares in the London-listed company were down 10.7 percent at 464.2 pence at 1040 GMT, erasing most of their gains since Klepierre made its original approach in March. Shares in Paris-based Klepierre were up 3.9 percent. Klepierre's decision to drop its takeover attempt leaves the company behind Birmingham's Bullring centre free to pursue its own acquisition of fellow London-listed shopping centre operator Intu Properties.
Furious French landlord Klépierre on Friday walked away from a £5 billion swoop for Hammerson, and slammed the British shopping centres giant for a lack of “meaningful engagement”. The exit follows a four-week showdown that has seen Hammerson, which is behind the Brent Cross mall, rebuff 615p and 635p approaches. Hammerson also froze its £3.4 billion takeover plan for smaller UK rival Intu, a deal which today looked increasingly in doubt.
By Helen Reid LONDON (Reuters) - European shares inched up to new one-month highs on Friday as trade tensions showed signs of easing, while results disappointments drove some sharp moves. The STOXX 600 ...
European shares trod water on Friday, holding near one-month highs at the end of a week laden with geopolitical worries, while results disappointments drove some sharp moves. The beginnings of European companies' first-quarter results were largely positive, though misses were badly punished. Klepierre shares rose 4.3 percent after the commercial real estate firm said it had dropped a bid for Hammerson and would not pursue a takeover of the UK firm.
Shoppings centres giant Hammerson on Wednesday said “non merci” to a sweetened £5 billion takeover approach from French rival Klépierre. The FTSE 250 landlord behind the Brent Cross and Birmingham’s Bull Ring malls has rejected a half cash, half shares offer worth 635p per share. Hammerson believes “it is not at a price that justifies further engagement” with the suitor.
Hammerson said the proposed offer, made up of 50 percent in new Klepierre shares and the rest in cash, was only a marginal increase on Klepierre's 615p offer which was worth 4.9 billion pounds and which it rejected on March 8. "The board has considered the revised proposal from Klepierre carefully. At 635p, it is only a 3 (percent) increase on the previous proposal and continues very significantly to undervalue the company," Hammerson Chairman David Tyler said in a statement.
Hammerson said it did not intend to finalise shareholder documents related to its proposed acquisition of Intu Properties (INTUP.L), as it awaits clarity on the bid from Klepierre. Hammerson, however, said on a conference call that it remains convinced there is a "clear, strategic rationale" in combining with Intu. The U.K. shopping centre owner rejected a 615-pence-per-share bid from Klepierre in March, about three months after it set out to buy smaller rival Intu.
France’s Klépierre, a holding of U.S. mall king David Simon, has made an unsolicited $6.8 billion bid for U.K. property firm Hammerson, the latest sign of consolidation in the retail real estate sector....