Globalworth creates committee to evaluate CPI and Aroundtown joint bid
Mon, 19th Apr 2021 11:56
(Alliance News) - Globalworth Real Estate Investments Ltd on Monday said it has formed an independent committee to evaluate the offer made by CPI Property Group SA and Aroundtown SA.
On Wednesday last week, CPI and Aroundtown together offered to buy out Globalworth for EUR774 million in cash.
The consortium offered EUR7 per share for the stake in Globalworth it doesn't already own, a 19% premium over last Tuesday's closing price. The bid values Globalworth at EUR1.57 billion, with CPI and Aroundtown currently owning just over half of the company.