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ESR Takeover Talks Draw Out on Valuation Concerns, Sources Say.
- 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]
- Subjects :
- CONSORTIA
DUE diligence
REAL property
STOCKHOLDERS
PRICES
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180432575