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ESR Takeover Talks Draw Out on Valuation Concerns, Sources Say.

Authors :
Baigorri, Manuel
Cao, Dong
Li, Pei
De Wei, Low
Source :
Bloomberg.com; 10/23/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

ESR Group Ltd. is currently in talks for a potential buyout, but shareholders are struggling to agree on a price for the company, leading to valuation concerns. The company's fragmented ownership poses a challenge to a take-private deal, as different shareholders have varying value expectations. Despite a revised proposal, some shareholders believe the bidding consortium's offer is too low. ESR, with a market value of about HK$49.2 billion ($6.3 billion), focuses on real estate, including logistics and data centers in various markets. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180432575