Intu gives suitors more time for takeover bid: Reuters

British shopping centre owner Intu Properties has again extended the deadline for a consortium led by Deputy Chairman John Whittaker to make a formal offer for the company, Reuters reported. The owner of Manchester’s Trafford Centre said that Whittaker’s Peel Group and its Saudi Arabian and Canadian partners now have until November 30 to make a firm offer or walk away from Intu. The consortium, which includes Brookfield Asset Management and Saudi Arabia’s Olayan Group, made a preliminary offer in October.

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