Finance

Hammerson drops after fresh Klépierre bid is rebuffed

By 2018-04-12T07:33:00

Share price

Source: Shutterstock/Pavel Ignatov

Hammerson’s share price fell 0.69% to 521.4 p on Wednesday after its board rejected a second approach from French rival Klépierre, saying the 635p a share bid “very significantly” undervalued the firm.

Conversely intu rose 2.79% on the FTSE 250 during the day to 209.9p as Hammerson’s bid for the retail property company remains on hold while it awaits the outcome of the French group’s approach.

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