Concerns mount that 220p-per-share offer could prompt markdowns in struggling shopping centre sector
It emerged last week that the consortium has been running the rule over a bid for the company for two months and now has until 1 November to make an offer. The big question is: how much will the consortium bid and will it be accepted by intu?
Analysts are predicting that an offer in the region of 220p per share could be enough to push the deal over the line. That is a near-50% premium to the pre-announcement share price but, more importantly for the market, a stark discount to the net asset value (NAV) of the portfolio of 362p.
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