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LONDON (Alliance News) - Office property developer Helical PLC has received a GBP500 million takeover offer, The Sunday Times reported.
Helical received the bid from an unnamed US private equity firm, according to the newspaper.
It said the offer is believed to value Helical at a significant premium to its share price of 355.00 pence at the London close on Friday, which gave the company a market capitalisation of GBP425.1 million, but at less than Helical's net asset value of GBP567.4 million.
The Helical board could face questions over why it didn't inform its shareholders of the approach, The Times asserted.
https://www.thetimes.co.uk/edition/business/revealed-secret-us-bid-for-mike-slades-helical-dmpjkzrfr
