Intu's share price drops on consortium bid extension

Finance

Intu’s share price fell 1.4% on Wednesday to 195.73p after the retail-focused company announced it had given a consortium led by its deputy chairman John Whittaker a two-week extension to make a firm offer for the shopping centre owner.

Earlier this month, Intu said it was considering a £2.9bn bid from the consortium consisting of Whittaker’s Peel Group, Saudi Arabia’s Olayan Group and Canadian property group Brookfield.

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