PropertyEU

Hypo RE: JC Flowers' offer undervalues company

By A staff reporter 2008-05-28T00:00:00

Hypo Real Estate's management and supervisory boards said on Tuesday that the offer presented last week by a group of investors led by JC Flowers is below the 'current intrinsic value' of the Munich-based bank. The investors offered to acquire up to 50 million shares, or about 25% of Hypo ...

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