.
Property company Goodman Group Ltd (ASX:GMG) and Dutch pension fund APG, as part of a wider consortium of investors, have had their bid for ProLogis European Properties rejected.
ProLogis, a US warehouses developer, says it has rejected the unsolicited $545.7 million offer for its 33.1 per cent stake in ProLogis European Properties.
The offer values ProLogis European Properties at around $1.7 billion.
ProLogis says it has no intent or desire to sell its interest in the company or relinquish the management of ProLogis European Properties.
In the first six months of the 2011 financial Goodman Group reported a net profit of $262.1 million.
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Last
$35.40 |
Change
-0.010(0.03%) |
Mkt cap ! $71.89B | |||
| Open | High | Low | Value | Volume |
| $35.25 | $35.58 | $35.17 | $17.50M | 494.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 189 | $35.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.40 | 958 | 5 |
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| GMG (ASX) Chart |