Delancey in £194m deal to take over Minerva | Mail Online
Shares in property group Minerva soared yesterday after it accepted a £194million takeover bid – the third offer for the company in the last three years.
Minerva, which owns office blocks in the City of London and upmarket apartments around Hyde Park, struck a deal with a consortium led by Delancey, the property investor run by Jamie Ritblat.
The 120.5p a share bid was 21.4 per cent higher than Wednesday’s closing price of 99.25p and shares rose 14 per cent to 113.25p.
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