Hammerson subject to fresh takeover bid

By The Newsroom
Published 19th Mar 2018, 07:08 BST
Updated 19th Mar 2018, 08:10 BST
Human mannequins pose in Leeds for the 'Style Seeker' app, which uses artificial intelligence technology to scan clothes and direct customers to similar products at stores within Hammerson shopping centres. (PA).Human mannequins pose in Leeds for the 'Style Seeker' app, which uses artificial intelligence technology to scan clothes and direct customers to similar products at stores within Hammerson shopping centres. (PA).
Human mannequins pose in Leeds for the 'Style Seeker' app, which uses artificial intelligence technology to scan clothes and direct customers to similar products at stores within Hammerson shopping centres. (PA).
European shopping centre giant Klepierre has threatened to complicate Hammerson's £3.4 million tie-up with Intu by making a takeover approach for the Leeds Victoria Gate owner.

Klepierre, a French property giant with shopping centres in 57 cities across the globe, made a proposed 615p-per-share bid on March 8, but said the move was snubbed by Hammerson in less than 24 hours.

The cash-and-shares approach represented a 40.7% premium of Hammerson’s share price on Friday of 437.1p per share.

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