Hammerson Plc signed an all-share agreement with Intu Properties Plc to acquire the entire issued and to-be-issued share capital of the latter, to establish a £21 billion pan-European real estate portfolio.
Intu shareholders will receive 0.475 new Hammerson share in exchange for each Intu share they hold. The company's board plans to unanimously recommend that shareholders vote in favor of the merger.
More details to follow.
