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Trading in Shrs of ESR Halted before Mkt; Report: Privatization To be Nailed within Wks
Recommend 5 Positive 7 Negative 2 |
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Trading in the shares of ESR (01821.HK) has been halted with effect from 9.00 a.m. today (29th) pending the release of an announcement in relation to inside information of the Company and pursuant to the Hong Kong Code on Takeovers and Mergers. A consortium comprising Starwood Capital Group and Warburg Pincus plans to nail a deal to take ESR private in the next few weeks, valuing ESR at more than US$7 billion, Reuters reported, citing people with the knowledge of the matter, yesterday evening (28th). AAStocks Financial News |
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