Hammerson to take over Intu

Hammerson to take over Intu

He's spent his life in shopping centres, doing all the usual stuff: going up the wrong escalators, knocking over invisible three-year-olds and walking into airless shops, staring blankly for a bit, and walking out again.

Hammerson boss David Atkins will lead the combined group.

Hammerson chairman David Tyler said: "This transaction will deliver real value for shareholders".

According to BBC News, the takeover will create the UK's largest property company with a value of £21bn. Intu's deputy chairman John Whittaker will be given the same role in the enlarged company, while its chairman John Strachan will join the board as senior non-executive director.

Intu's portfolio includes Lakeside Thurrock, Merry Hill in Dudley, the Gateshead Metrocentre and the Trafford Centre in Manchester.

Mysterious black hole discovered at the dawn of the universe
The light from this quasar was emitted 690 million years after the Big Bang, relatively close to the beginning of everything. When light hits a neutral hydrogen atom, the atom can absorb the light and lose its electron.

United States flies supersonic heavy bomber over Korean Peninsula
That was just one part of a range of often aggressive rhetoric to come out of Pyongyang, including a claim that one of Donald Trump's tweets constituted an act of war.

IPhones may get reversible emoji in 2018
According to a report from Emojipedia , the Unicode Consortium has officially released the 2018 emoji candidate list in beta. The final list will be confirmed in the first quarter of next year, with a decision in January and an announcement in March.

The combined group will target fast-growing markets in Spain and Ireland. Hammerson shareholders will own 55% of the combined firm and Intu shareholders will retain 45%.

If the proposed deal goes ahead, Intu's shareholders will receive 0.475 shares in the new business for each of their Intu shares.

Atkins said: "This marks an exciting milestone in the history of Hammerson".

"I hold Intu's high-quality centres in high regard and I look forward to working with a strengthened team to enhance the performance of our entire portfolio". Queensland Investment Corporation retained the other half until intu agreed to acquire the remaining 50 per cent previous year in a £410m deal.

Related News:

  • A second status yellow weather warning has been issued for four counties

    A second status yellow weather warning has been issued for four counties

    Met Éireann have issued a 24-hour status yellow snow and ice warning for the entire country. "Scattered snow showers will occur later Thursday, Thursday night and into Friday".
    Pair of super-Earths found orbiting star K2-18

    Pair of super-Earths found orbiting star K2-18

    The planet is also a super-Earth, but likely orbits too close to its parent star to have liquid water on its surface. In 2019, the powerful James Webb Space Telescope will allow researchers to peer deeper into outer space.
    Magic Mountain safe, but Santa Clarita blaze burns 5000 acres

    Magic Mountain safe, but Santa Clarita blaze burns 5000 acres

    West Creek Academy is closed for the remainder of the day and Trinity Classical Academy in Valencia is now evacuating students. A mandatory evacuation order was issued for the Westridge housing community, but it was lifted about 6 p.m.
  • Mariners, Angels each get $1 million for Ohtani from Twins

    Mariners, Angels each get $1 million for Ohtani from Twins

    The other four contending teams - the Cubs, Padres , Giants and Dodgers - are all capped at $300,000 that they can offer. Banuelos, 21, hit.236 with four home runs in 36 games for the Class A Everett (Wash.) AquaSox after signing in July.
    Home Depot Confirms 2017 Guidance; Issues Long-Term Targets

    Home Depot Confirms 2017 Guidance; Issues Long-Term Targets

    The home improvement retailer reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.06. Home Depot said it expected to buy back $8 billion of shares in 2017, ahead of its investor day event later on Wednesday.
    Liverpool 7-0 Spartak Moscow

    Liverpool 7-0 Spartak Moscow

    Coutinho completing a hat-trick through perhaps a fortunate deflection from a Spartak defender. We will see where this leads to, but it's a fact that English football is top quality.
  • Pentagon revises U.S. troops numbers in Syria and Iraq

    Manning also said there are about 5,200 troops in Iraq. "We are going to be in Syria for some time yet". The disclosure comes about five weeks after a senior US military officer, Army Maj.

    Analyst Research and Recommendations: Discovery Communications, Inc. (DISCK), BankUnited, Inc. (BKU)

    Discovery Communications, Inc . shares increased 10.52 percent over the past week and rose 20.22 percent over the previous month. ValuEngine raised Discovery Communications from a "hold" rating to a "buy" rating in a research note on Wednesday, October 11th.

    Starbucks to Open Biggest Cafe in the World in Shanghai

    Starbucks' scene-recognition software and AR experience is powered through a partnership with Alibaba Holding Group Ltd. The handcrafted long bar, one of three on site, is aptly-named, as at 88 foot it's the world's longest coffee bar.
  • Unusual Volume Spikes For: The Walt Disney Company (DIS)

    Currently, 252.26 million total shares are owned by the public and among those 244.1 million shares have been available to trade. The stock of The Walt Disney Company (NYSE: DIS ) has "Buy" rating given on Monday, August 14 by RBC Capital Markets.
    Why did 'Long Island Medium' star Theresa Caputo split from her husband?

    Why did 'Long Island Medium' star Theresa Caputo split from her husband?

    Theresa also explained that her show - which has been on the air since September 2011 - isn't the only cause of the tension on her marriage.
    European Union  blacklists South Korea and UAE as tax havens

    European Union blacklists South Korea and UAE as tax havens

    Other countries are reluctant to draw up common sanctions, believing that responsibility is better left to member states. This country was also named in the Panama Papers a year ago .


Most liked

UT Offers Head Coach Position To Alabama DC Jeremy Pruitt
Fulmer has placed a priority on finding a defensive coach, Low reports , and Pruitt is also regarded as a top-flight recruiter. Not surprisingly, Pruitt took what was already an elite Alabama defense under Smart and helped it maintain its standing.

John Mayer Recovering from Emergency Appendectomy Surgery
His publicity team shared that the Tuesday show, as well as the two remaining Florida shows, will be rescheduled. The new date will be announced as soon as possible, according to Amway Center officials.

Huawei P11 rumoured to feature triple lens camera
Huawei has launched so many high-end flagship devices and recently has launched Honor V10 in an event in Beijing . The question though here is will the upcoming Huawei P-series device be an imaging powerhouse.

Petroleo Brasileiro SA- Petrobras
It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile.

Record broken after 17-foot-1-inch Burmese Python caught
Leon's Friday catch bested the hunt's previous record, held by hunter Dusty Crum who caught a 16-foot, 11-inch snake last week. In a video posted the SFWMD's Facebook page , Leon said he grabbed the snake and shot it in the head.

FG mandates Kachikwu, Baru to clear fuel queues before next week
Most motorists believe the commodity is deliberately hoarded by the marketers in anticipation of its pump price hike next year. The FEC meeting which held in President Muhammadu Buhari's absence was presided over by Vice President Yemi Osinbajo .

Christiane Amanpour will replace Charlie Rose's PBS time slot after his firing
PBS is turning to longtime CNN global correspondent Christiane Amanpour to fill the void left by Charlie Rose's sudden dismissal. PBS' move came on the heels of CBS News' announcement that it had pulled Rose from CBS This Morning and 60 Minutes.

Destiny 2 Curse of Osiris Character Level And Power Level Guide
Looks like some Destiny 2 players have been on the not-so-fun receiving end of an overpowered trace rifle. Two of Destiny 2's toughest activities are the Prestige Raid and Prestige Nightfall Strike.

Sports minister finally approves cricket players to leave for India
Humidity has risen from 44.3 per cent to 51 per cent while average temperature has dipped by about two degrees since November 27. India pacer Mohammed Shami on Monday said the pollution level was not as high as was made out by Sri Lanka.

A Fresh Set Of 257 Nigerians Return From Libya Today
Other African countries are now joining in on repatriations, including Ivory Coast and Cameroon. The deputy chairman of the AU Commission, Kwesi Quartey tweeted this on Tuesday. .

Man Utd 'confident' of sealing £50m January transfer
Therefore, he is expected to consider a move to Old Trafford beneficial, given the fact that the Red Devils lack a satisfactory left-back at the moment.

Stiff competition for A-League sides in Asian Champions League group stage
Seeded group winners will be away in the first legs on 14/15 and 21/22 February at home in the second leg on 7/8 and 14-15 March. Liverpool: Basel (20), Bayern Munich (4), Juventus (5), Shakhtar Donetsk (16), Porto (12) or Real Madrid (1).

Trump Jr. says he talked to Hope Hicks about meeting
The Senate Judiciary Committee is also investigating the meeting, and interviewed Trump Jr. behind closed doors in September. Browder and American officials dismiss that allegation, calling it part of a Russian disinformation campaign.

Giants expect Giancarlo Stanton decision 'by the end of the week'
Yes, the Marlins have floated threats of tearing down the team around Stanton if he doesn't approve a deal. This is a pretty good package, but that doesn't mean it is because these prospects are out of this world.

Valve drops Bitcoin as a Steam payment option
However, that's another Bitcoin transaction fee that the users have to take, a fee that's been on the rise. Valve has made a decision to cut off the ability for Steam users to make purchases with the currency.