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IN BRIEF: U&I takeover by Land Securities gains court sanction
U&I Group PLC - London-based mixed-use space regeneration and property specialists - Acquisition by FTSE 100-listed Land Securities Group PLC has been sanctioned by the Court, marking the final condition for the deal being satisfied.
At the start of November, LandSec had agreed to acquire U&I for GBP190 million. As a result of the court-sanction, U&I is expected to cease trading on the London Stock Exchange at the open on Wednesday.
Current stock price: 148.64 pence
Year-to-date change: up sharply from 61.70p
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
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UAI.L News
IN BRIEF: U&I takeover by Land Securities gains court sanction
IN BRIEF: U&I takeover by Land Securities gains court sanction
UK shareholder meetings calendar - next 7 days
UK shareholder meetings calendar - next 7 days
LandSec says deal supporter Aberforth sells entire U&I Group stake
LandSec says deal supporter Aberforth sells entire U&I Group stake
LONDON MARKET CLOSE: Stocks higher as investors eye central banks
LONDON MARKET CLOSE: Stocks higher as investors eye central banks
LONDON MARKET MIDDAY: BoE anticipation lifts banks, hits housebuilders
LONDON MARKET MIDDAY: BoE anticipation lifts banks, hits housebuilders
SMALL-CAP WINNERS & LOSERS: U&I surges on LandSec takeover deal
SMALL-CAP WINNERS & LOSERS: U&I surges on LandSec takeover deal
TOP NEWS: LandSec agrees to buy U&I Group in GBP190 million deal
TOP NEWS: LandSec agrees to buy U&I Group in GBP190 million deal
LONDON MARKET PRE-OPEN: Barclays CEO Staley leaves after Epstein probe
LONDON MARKET PRE-OPEN: Barclays CEO Staley leaves after Epstein probe
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