PropertyEU

Valad board backs Blackstone's takeover bid

By A staff reporter 2011-04-29T00:00:00

US private equity firm Blackstone has agreed to acquire Australia's Valad Property Group in a deal which values the company at A$208 mln (EUR 152 mln). In a statement on Friday, Valad said it has been offered A$1.80 in cash per security, representing a premium of 56% over the closing ...

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