Swiss retail and real estate group Jelmoli said that Swiss Prime Site has agreed to increase its takeover offer to 8.1 SPS shares for one Jelmoli share. The move follows Jelmoli's rejection of its initial offer which comprised 7.7 SPS shares for one Jelmoli share.
Swiss retail and real estate group Jelmoli said that Swiss Prime Site has agreed to increase its takeover offer to 8.1 SPS shares for one Jelmoli share. The move follows Jelmoli's rejection of its initial offer which comprised 7.7 SPS shares for one Jelmoli share.
In addition, Jelmoli said it had executed a comprehensive transaction agreement with SPS 'which the board of directors of Jelmoli now feels able to recommend for acceptance to Jelmoli shareholders'.
A combination of Jelmoli and SPS would create the largest listed real estate group in Switzerland.
