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Hansteen makes all cash offer for IMPT

Fri, 17th Feb 2017 07:27

(ShareCast News) - Hansteen said on Friday it had agreed a recommended all cash offer to buy Industrial Multi Property Trust (IMPT) for £25.2m.IMPT Shareholders will receive 300p in cash per share a 22.4% premium over Thursday's closing price of 245p. The company's independent directors have recommended the offer.IMPT Chairman Jonathan Clague said the offer "represents considerable progress from IMPT's refinancing in 2013 and over five times the share price of 54p in August 2015 just before IMPT announced initiatives aimed at improving shareholder value".Hansteen joint chief executives Ian Watson and Morgan Jones said: "The IMPT portfolio, being very similar in nature to Hansteen's own UK portfolio, can be easily absorbed on to our asset management platform with limited additional cost."
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13 Jul 2016 06:45

Hansteen Refinances Dutch Portfolio With New EUR145.0 Million Facility

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8 Jul 2016 09:01

BROKER RATINGS SUMMARY: Property Stocks Continue To Receive Downgrades

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4 Jul 2016 08:37

BROKER RATINGS SUMMARY: Liberum Downgrades Property Stocks

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15 Jun 2016 16:30

DIRECTOR DEALINGS SUMMARY: Incoming Hansteen Chairman's Wife Buys

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15 Jun 2016 15:23

DIRECTOR DEALINGS: Wife Of Hansteen Incoming Chairman Buys Shares

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6 Jun 2016 09:36

Hansteen Appoints Pendragon's Egglenton As Non-Executive Chairman

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31 May 2016 15:04

UK Shareholder Meetings Calendar - Next 7 Days

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12 May 2016 15:15

Dividends Calendar - Week Ahead

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25 Apr 2016 12:13

Hansteen buys £5.6m of AIF units

(ShareCast News) - FTSE 250 property investment company Hansteen Holdings has acquired a further 12.4m units in the Ashtenne Industrial Fund from Nortrust Nominees Limited for £5.6m in cash. The acquisition, which reflects a price per unit of 45.49p, represents 2.1% of the units in issue and brings

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25 Apr 2016 11:21

Hansteen Holdings Raises Stake In Ashtenne Fund For GBP5.6 Million

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21 Apr 2016 08:31

BROKER RATINGS SUMMARY: Barclays Downgrades Zoopla To Equal Weight

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20 Apr 2016 12:25

DIRECTOR DEALINGS: Hansteen Holdings Non-Executive Ups Interest

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14 Apr 2016 15:10

Dividends Calendar - Week Ahead

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29 Mar 2016 13:52

Broker tips: Next, Lamprell, Hansteen

(ShareCast News) - Deutsche Bank upgraded Next to 'buy' from 'hold' but cut the price target to 6,850p from 7,200p following the company's full year results last week. It said the 15% drop in the share price leaves Next on a 7% discount to the sector which seems like an over-reaction. DB said that

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29 Mar 2016 10:26

Hansteen 2016 outlook uncertain, says Numis

(ShareCast News) - The outlook for industrial property investor Hansteen in 2016 is uncertain, according to Numis. The full year 2015 results saw the completion of its 2012 to 2015 long term incentive plan (LTIP), bringing a payout of £51m to the two chief executives. Capital values achieved a r

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