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Vastned Retail Belgium discloses adjusted bid price for its takeover by Vastned

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Vastned Retail Belgium discloses adjusted bid price for its takeover by Vastned

Vastned Retail Belgium adjusted the €57.50-apiece bid, presented by Vastned Retail NV for the remaining 34.51% shares it does not own in the former, to €54.88 per share.

The revision was made as proposed because the ex-dividend date, set to May 17, precedes Vastned Retail NV's acquisition of the shares.

Vastned Retail Belgium resolved to pay €2.62 per share as dividend for the 2017 financial year at its April 25 ordinary general meeting. Net dividends will be distributed onward from May 22, according to a release.

The company reiterated the June 1 deadline for shareholders to accept Vastned Retail NV's takeover bid.