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Sunday, November 29 - 2009

Limitless makes $473m offer for Minerva

  • United Arab Emirates: Wednesday, June 11 - 2008 at 09:59

Limitless, the property development arm of government owned Dubai World, has submitted an offer to buy UK real estate company Minerva for 242 million pounds ($473m), reported the UK's Telegraph. The takeover proposal values Minerva at 140 pence - 150 pence a share. Minerva's shares, which were trading as high as 423 pence last June, has since tumbled as investors have become worried about the company's debt and the prospects for the UK commercial property industry.

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