Summary
Shares in Forth Ports have plunged by almost 13% after Peel Group and its consortium partners abandoned its pound(s)640 million proposed takeover of the ports to property giant.
The Northstream consortium, which also includes fund manager Arcus and transportation infrastructure investor RREEF and holds a 27.4% stake in Forth, had been given a June 1 "put up or shut up" deadline by the Takeover Panel after Forth rejected a third bid approach in late April at 1400p a share.See the full content of this document
Extract
Forth Ports' Shares Plummet After Consortium Pulls Out
Forth has been enjoying stock pops since the middle of last year on speculation that shareholder Arcus, which...
See the full content of this document
Sponsored links
