Slate decides against McKay bid, leaving path clear for £272m Workspace takeover

9 Greyfriars McKay

Canada finance giant Slate Asset Management has decided against making an offer to buy McKay Securities after hinting it was considering a proposal for the commercial property firm.

Last month Slate verbally indicated to McKay that it was considering an all-cash proposal for the London-listed property group after asking for due diligence access as part of a move towards a possible all-cash offer for the UK REIT.

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