BRIEF-Klépierre: Statement Regarding Hammerson PLC
March 19 (Reuters) - KLEPIERRE:
* REG-KLÉPIERRE : STATEMENT REGARDING HAMMERSON PLC (“HAMMERSON”)
* NOTES RECENT SPECULATION REGARDING A PROPOSAL MADE BY KLÉPIERRE TO HAMMERSON.
* CONFIRMS THAT ON 8 MARCH 2018, KLÉPIERRE MADE A PROPOSAL ON A NON-ADVERSARIAL BASIS TO BOARD OF HAMMERSON
* INTENTION OF ENGAGING IN A CONSTRUCTIVE DIALOGUE REGARDING A POSSIBLE OFFER TO ACQUIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF HAMMERSON
* INTENTION TO BUY AT VALUE OF 615 PENCE PER HAMMERSON ORDINARY SHARE
* PROPOSAL REPRESENTS A PREMIUM OF APPROXIMATELY 40.7% TO CLOSING PRICE OF 437.10 PENCE PER HAMMERSON ORDINARY SHARE ON 16 MARCH 2018
* CONSIDERATION WOULD COMPRISE A COMBINATION OF CASH AND SHARES IN KLÉPIERRE.
* BOARD OF HAMMERSON REJECTED PROPOSAL IN LESS THAN 24 HOURS ON 9 MARCH 2018. Source text for Eikon: Further company coverage: (Gdynia Newsroom)