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ProLogis has made a counter-offer for one of its European funds, sparking a bidding war with Goodman Group (ASX:GMG).
Goodman Group and The Netherland’s largest pension fund APG offered to buy ProLogis’ stake in ProLogis European Properties.
The offer was immediately rejected. Yesterday ProLogis, the world’s largest industrial property group bought 11 million ordinary units in ProLogis European Properties. That increased its shareholding from 33.1 to 38 per cent.
A Goodman spokesperson has said it’s up to APG to consider its response.
In the first six months of the 2011 financial year Goodman Group reported a net profit of $262 million.
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Last
$33.46 |
Change
0.650(1.98%) |
Mkt cap ! $68.41B | |||
| Open | High | Low | Value | Volume |
| $32.98 | $33.46 | $32.98 | $109.6M | 3.288M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $33.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.46 | 300 | 1 |
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| Last trade - 16.15pm 10/09/2025 (20 minute delay) ? |
| GMG (ASX) Chart |