On 4 October 2018 a consortium comprising the Peel Group, the Olayan Group and Brookfield Property Group announced that they were in the preliminary stages of considering a possible cash offer for the Company. Intu confirms that on 11 October 2018 it received an indicative proposal from the Consortium of 205 pence per share in cash, subject to an adjustment for dividends. Following further engagement, on 17 October 2018 intu received a revised indicative proposal from the Consortium of $2.15 per share in cash, subject to an adjustment for dividends. The terms of both the Initial Indicative Proposal of 205 pence per share and the Revised Indicative Proposal of 215 pence per share provide that the consideration will be reduced by any dividends or other distributions declared, payable or paid by intu prior to completion including the interim dividend of 4.6 pence per share due to be paid on 20 November 2018 (with an ex-dividend date of 18 October 2018). On November 29th, a consortium comprising the Peel Group, the Olayan Group, and Brookfield Property Group withdrew its possible offer for Intu, the British shopping center operator. The consortium cited uncertainty caused by the ongoing Brexit situation as the reason for withdrawing its possible offer. The possible offer was first disclosed on the October 18th.