Intervest tracks best day ever after announcing takeover offer

Intervest Offices & Warehouses NV

18/10/2023 09:01

** Shares in Belgian public property investment fund
Intervest Offices & Warehouses  PRIF.BR  rise more than 36%
after announcing a public tender offer for all outstanding
shares by TPG Real Estate Partners
    ** TPG offers 21 euros per share, a 52.2% premium over the
closing price on October 5
    ** Intervest shares closed at 14.96 euros on October 6
before a trading suspension
    ** The offer is backed by Intervest's boards and two
shareholders irrevocably agreed to tender their shares
    

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))