Browsing Tag
Peel Holdings Group Limited
2 posts
Harworth rejects Peel’s £600m takeover as valuation battle intensifies
Harworth Group plc has unanimously rejected Peel Holdings Group Limited’s improved 177.5-pence-per-share offer, setting up a valuation battle over its industrial, logistics, residential and data-centre development pipeline.
Harworth (LSE: HWG) shares close above Peel’s £583m takeover bid as investors question the 172.5p offer
Peel Holdings Group Limited has launched an unsolicited cash takeover offer for Harworth Group plc, but the shares closed above the bid price as investors weighed the premium against Harworth’s land portfolio, data-centre potential and last reported asset value.