Announced
Financials
Tags
real estate
Acquisition
Public
Original Bidder Won
Pending
Real Estate Holding and Development
Hong Kong
commercial real estate
property management
property investment
property development
Privatisation
Majority
Friendly
Synopsis
Peter Woo, a former Chairman and majority stakeholder of Wheelock, a Hong Kong-based financial real estate company, offered to acquire the remaining stake in the company, and take it private, for c. $1bn in cash. Shareholders in Wheelock will receive one share each in subsidiaries Wharf Holdings and Wharf Real Estate Investment, plus a $1.5 cash payment, per Wheelock share they hold. That adds up to $9 per share on a regular basis.
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