Intu shares plummet 40% after consortium withdraws bid

Getty stock market data large

Shares in shopping centre landlord intu have collapsed by almost 40% after a John Whittaker and Brookfield-led consortium announced it was withdrawing its takeover bid.

Intu shares fell to as low as 114p today, closing at 116.95p, almost half the 210.4p a share indicative offer made by Peel Group, the Olayan Group and Brookfield Property Group.

In a statement earlier today, intu said that market conditions meant the consortium could not continue with its proposed offer within the timeframe set out by City takeover rules.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue